Riyadh – Mubasher: Saudi Arabian Oil Co, known globally as Saudi Aramco, on Thursday said that it has reduced propane price in July contracts to $555 per tonne, compared to $560 per tonne in June.
Aramco’s propane price provides a benchmark for the Middle East’s sales of liquefied petroleum gas (LPG) to Asia.
On the other hand, the largest international oil firm rose butane prices to $570 per tonne in July deals, from $560 per tonne during June.
