Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has set propane price for February delivery at $505 per tonne, Reuters reported.

The prices for next month are less than the $565 per tonne price set for January shipments.

Aramco’s propane prices are the benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced.

On the other hand, Saudi Aramco set its butane price for February at $545 per tonne, compared with $590 per tonne in January.