Middle East Economic Survey


No 49


Saudi LPG Prices Raised For December

Saudi Aramco on 30 November announced price rises for its LPG deliveries to customers during December. The contract price for propane was raised by $20/ton to $770/ton and the price of butane was increased by $10/ton to $820/ton. The propane price is in line with market expectations, but remains weak relative to crude oil prices, Walter M Hart, Senior Consultant at Houston-based Purvin & Gertz, told...