Riyadh – Mubasher: State-run Saudi Aramco, known formally as Saudi Arabian Oil Co., has cut propane price to $375 per tonne for July contracts, compared to $430 per tonne in June, according to Reuters.
Aramco’s propane price is a benchmark for the prices of the Middle East liquefied petroleum gas (LPG) sales to Asia.
The world’s most profitable company has also slashed contract prices for butane to $355 per tonne in July, down from $415 per tonne during the prior month.
