NO. 45

8 AUGUST 1994

Oil Prices

Saudi Aramco Raises August LPG Prices

Saudi Aramco has notified its LPG customers of a 5.0% increase in theAugust price of propane to $126.50/ton from $120.50/ton in July, and a 4.6%increase in the August price of butane to $124.50/ton from $119.00/ton in July.Saudi LPG prices are adjusted monthly in line with the formula which came intoeffect on 1 January 1992. Saudi Aramco is planning to replace its currentcrude-linked LPG term formula with a monthly...