Petromin Reduces LPG Prices again
For the second time in less than a month, Saudi Arabia's Petromin has notified its customers of a cut in LPG prices effective 8 July. The price of propane is reduced by $10/ton to $100/ton while that for butane is cut $5/ton to $95/ton. Saudi LPG prices have been more than halved since December 1985 as shown in the table overleaf ($/tons):
Date of Change Propane Butane 1985 1 October 211 211 1 December 217 217 1986 1 February 207...