NO. 32

9 MAY 1994

Oil Prices

Saudi Aramco Lowers May LPG Prices

Saudi Aramco has notified its LPG customers of a 4.9% decrease in the Mayprice of propane to $117.50/ton from $123.50/ton in April, and a 1.1% decreasein the April price of butane to $129.50/ton from $131.00/ton in April. Saudi LPGprices are adjusted monthly in line with the formula which came into effect on 1January 1992. The following table shows the evolution of Saudi LPG prices sinceJanuary 1993 ($/ton):

 Date of...