Middle East Economic Survey


No 2


Saudi LPG Prices Reduced For January

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their January contract prices for LPG to customers on 29 December, reducing the price for propane by $52/ton to $365/ton and lowering the price for butane by $55/ton to $372/ton. The January prices were the first to be decided by Saudi Aramco on the basis of LPG spot market sales in the previous month, after the company scrapped the...