VOL. XLI

No. 15

13-April-1998

SAUDI ARABIA

Saudi Aramco Reduces LPG Contract Prices $5-10/Ton For April

Saudi Aramco has notified its LPG customers of a $5/ton reduction in the April price ofpropane to $120/ton and a larger drop of $10/ton in the April price of butane to $125/ton.The April contract price for propane is 36% and that for butane is 38% of the peak priceof $330/ton for both products reached in January 1997. The following table shows theevolution of Saudi LPG prices since January...