Saudi Arabia and Kuwait Reduce May LPG Prices
Saudi Arabia and Kuwait have notified their customers of a $5/ton decrease inthe price of LPG effective 1 May. The price of propane drops to $120/ton whilethat of butane falls to $125/ton. This is the first reduction in LPG pricessince November 1987 as shown in the following table on Saudi and Kuwaiti LPGprices ($/ton):
Date of Change Propane Butane 1986 8 July 100 95 3 Aug 100 80 1987 1 Jan 100 90 1 Feb...