Aramco and Sonatrach reduce official selling prices of liquefied ‎petroleum gas by 23-26%‎

Traders said that the Algerian oil-producing companies Saudi Aramco and Sonatrach reduced the official selling prices of liquefied petroleum gas for the month of April by between 23 and 26 percent compared to March.

Traders explained that the decrease is due to the decline in liquefied petroleum gas prices globally due to the increase in the supply of propane and butane in the international markets.

Aramco cut the official selling price for propane for the month of April by $165 to $555 a ton, while lowering the official selling price for butane by $195 to $545 a ton.

Sonatrach’s official selling price for propane fell by $145 to $495 a ton, and the official selling price for butane fell by $180 to $510 a ton.

The Aramco official selling price for LPG 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 the Mediterranean, the Black Sea and Turkey.