‎“Aramco”, “Sonatrach” raise official selling prices for liquefied ‎petroleum gas in August

Saudi Aramco and Algerian Sonatrach raised the official selling prices of liquefied petroleum gas in August by between 18 and 39 percent compared to July prices in light of the high oil prices and the scarcity of the global supply of liquefied petroleum gas, according to dealers.

According to Reuters, Aramco increased the official selling price of propane for the month of August by $70 to $470 per ton, while the official selling price of butane jumped by $85 to $460 per ton.

Propane and butane are two types of liquefied petroleum gas, each with a different boiling point.

Liquefied petroleum gas is mainly used as fuel for cars and heating, and it is also included in the raw materials for other petrochemicals.

Sonatrach also raised the official selling price for propane in August by $70 to $470 per ton, while the price for butane rose by $130 to $465 per ton.

The official selling price set by Aramco for liquefied petroleum gas is used as a reference for supply contracts from the Middle East to the Asia-Pacific region. As for the official selling price of Sonatrach, it is a standard for Turkey and the Mediterranean and Black Sea regions.