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Aramco cut propane, butane May contract prices

Aramco cut propane, butane May contract prices
(Photo Credit: Arabianeye-Reuters)

Riyadh – Mubasher: Saudi Aramco set its propane May contract price at $385 per tonne, down from $430 in April.

The price provides a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced, Reuters reported on Sunday.

Aramco's May contract price for butane fell to $390 per tonne, compared to $490 in the previous month.

Earlier, Saudi Aramco had set its propane April contract price at $430 per tonne, down from $480 in March.