Middle East Economic Survey
VOL. XLIX
No 1/2
2/9-January-2006
Saudi LPG Prices Reach New Peak After Surge In Heating Fuel Demand
Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their January LPG contract prices to customers on 2 January, raising the price for propane by $51/ton to $575/ton and raising butane by $41/ton to $585/ton. The January prices mark new record levels for Saudi LPG, but unlike the previous peak in November 2004 when supply constraints provided the impetus, this...
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