Middle East Economic Survey


No 32


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...