NO. 34

28 MAY 1990

Saudi Arabia

Samarec Lowers May LPG Prices

The Saudi Arabian Marketing and Refining Company (Samarec) has notified itsLPG customers of a reduction in the May price of propane and butane to$98.99/ton and $97.63/ton respectively from the April price of $109.03/ton forpropane and $107.53/ton for butane. The new prices are linked to the BTU valueof Arabian Light crude prices for Far East destinations in the preceding monthof April, in line with the LPG price formula...