Middle East Economic Survey

VOL. XLVIII

No 32

8-August-2005

Saudi LPG Prices Raised For August

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced to customers on 30 July their August LPG contract prices, raising propane by $2/ton to $400/ton and butane by $5/ton to $406/ton. While the increase could be seen as reflecting the continuing strength of oil markets, given the LPG pricing formulas inclusion of a factor based on crude prices, the relatively small increase reflects the...