Petromin Reduces LPG Prices

Saudi Arabia's Petromin has notified its Japanese LPG customers of a cut in LPG prices effective 17 June. The price of propane is reduced by $15/ton to $110/ton while that for butane is cut by $10/ton to $100/ton. Although Saudi LPG prices have been falling since December 1985, Japanese importers are still asking for further reductions. The following table shows the evolution of Saudi LPG prices ($/ton) since mid-1984:

 Date of Change Propane...