NO. 23

7 MARCH 1994

Saudi Arabia

Saudi Aramco Raises March LPG Prices

Saudi Aramco has notified its LPG customers of an 11.4% increase in the Marchprice of propane to $117.00/ton from $105.00/ton in February, and an 18.4%increase in the March price of butane to $122.50/ton from $103.50/ton inFebruary. 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 January 1993...