NO. 15

10 JANUARY 1994

Oil Prices

Saudi Aramco Lowers January LPG Prices

Saudi Aramco has notified its LPG customers of a 14.7% reduction in theJanuary 1994 price of propane to $93.00/ton from $109.00/ton in December, and a15.8% decrease in the January price of butane to $93.50/ton from $111.00/ton inDecember. Saudi LPG prices are adjusted monthly in line with the formula whichcame into effect on 1 January 1992. The following table shows the evolution ofSaudi LPG prices since July 1992...