Middle East Economic Survey

VOL. XLVIII

No 23

6-June-2005

Saudi LPG Prices Reduced For June

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced to customers on 30 May their June LPG contract prices, reducing the price for propane by $27/ton to $393/ton and for butane by $27/ton to $396/ton. The price reduction was mainly due to the weakening of crude oil prices during May, MEES understands, but the crude price recovery towards month-end led to the June LPG pricing being some $3/ton...