VOL. XXXIII

NO. 51

24 SEPTEMBER 1990

Oil Prices

Samarec Raises September LPG Prices

The Saudi Arabian Marketing and Refining Company (Samarec) has notified itsLPG customers of a 64% increase in the September prices of propane and butane to$165.88/ton and $163.61/ton respectively from the August prices of $101.11/tonfor propane and $99.72/ton for butane. The new LPG prices, which reflect thesurge in oil prices since the outbreak of the Gulf crisis, are linked to the BTUvalue of Arabian Light crude...