Riyadh – Mubasher: The Saudi Arabian Oil Co, known internationally as Saudi Aramco on Thursday specified its propane’s selling price at $575 per tonne in October contract, up $95 from September’s contract.
Aramco raised Butane selling price by $80 per tonne in October contracts to reach $580 per tonne, against $500 in September contracts, according to Reuters.
“The price provides a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced,” the agency added.
Al Rajhi Capital stated previously in a report that Hurricane Harvey which hit Texas in the US has the largest oil provider to raise the prices of natural gas liquids (NGL) in September, especially for its Asian customers.
