Middle East Economic Survey


No 41


Saudi LPG Prices Set At New Record Level For October

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their October LPG contract prices to customers on 30 September, raising the price for propane by $80/ton to $505/ton and butane by $78/ton to $525/ton both new records. The price hike was attributable to recent near record high crude oil prices at a time when LPG availability in the US was impacted by domestic refinery...