Middle East Economic Survey

VOL. XLVIII

No 19

9-May-2005

Saudi LPG Prices Raised By $5/Ton For May

Saudi Aramco and Kuwait Petroleum Corporation (KPC) on 30 April announced their May LPG contract prices to customers, raising the price for propane by $5/ton to $420/ton and butane by $5/ton to $423/ton. These increases follow a rise of more than $35/ton for both products in April (MEES, 4 April), and reflect the continued crude price strength and volatile LPG spot market trading last month. MEES...