Middle East Economic Survey
Saudi LPG Prices Raised For September As Demand Soars
Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their September LPG prices to customers on 31 August, raising the price for propane by $25/ton to $425/ton and for butane by $41/ton to $447/ton. The price rise was entirely attributable to the record crude oil prices in August. MEES soundings indicate that the increase in LPG prices is proportionally much smaller than...