VOL. XLII

No. 32

9-August-1999

SAUDI ARABIA

Aramco Boosts LPG Prices $77-87/Ton In Largest MonthlyIncrease To Date

Saudi Aramco increased its contract prices for butane andpropane by some $77-87/ton at the end of last month, imposing the largestmonthly increase since the company took over LPG marketing from the oldPetromin organization. The price hikes put contract prices for August at$270/ton for butane and $260/ton for propane. Supplies out of the Kingdom havebeen very tight and Aramco has had...