Middle East Economic Survey


No 1/2


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...