Middle East Economic Survey


No 10


Saudi LPG Prices Raised For March As Cold Weather Boosts Spot Demand

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their March LPG contract prices to customers on 28 February, raising the price for propane by $12/ton to $377/ton and raising the price for butane by $10/ton to $382/ton. MEES understands that the price increase was a result of the strengthening of crude oil prices during February, since the LPG pricing formula...