Petromin Reduces May LPG Prices
Saudi Arabia's Petromin has notified its Japanese LPG customers of a cut in LPG prices effective 1 May. The price for propane is reduced $10/ton to $125/ton while that for butane is cut $25/ton to $110/ton. Although Saudi LPG prices have fallen for four consecutive months, Japanese importers are still asking for further reductions. The following table shows the evolution of Saudi LPG prices ($/ton):
Date of Change Propane Butane 1984...