Middle East Economic Survey


No 32


Saudi Aramco Hikes LPG Prices For August By $45/Ton

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their August LPG contract prices to customers on 31 July, increasing both propane and butane by $45/ton from July to take each grade to $547/ton. As usual, the pricing changes reflect the performance of the LPG spot market during the past month, and MEES soundings indicate that the Asian market continued its recovery in July after...