Middle East Economic Survey

VOL. LI

No 1

7-January-2008

Saudi LPG Prices For January Show New Record For Propane, Reduction For Butane

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their January LPG prices to customers on 31 December, raising the price of propane by $10/ton to a record $870/ton, and reducing the price for butane by $10/ton to $875/ton. While the fall in crude oil prices during December contributed to the reduction in the butane price, the increase in the cost of...