SAUDI ARABIA

Petromin Reduces LPG Price 

Saudi Arabia's Petromin has notified its LPG customers of a $15/ton cut in the price of butane to $80/ton effective 3 August. The price of propane is unchanged at $100/ton effective 8 July. Saudi LPG prices have been cut by more than half since the beginning of 1986 as shown in the table below ($/ton):

 Dates of Change Propane Butane 1985 1 Oct. 211 211 1 Dec. 217 217 1986 1 Feb. 207 207 1 Mar. 180 180 1 April 135 135 1 May 125 125 17 June...