Saudi Aramco sets August propane price at $285 a tonne

Dubai: State-run Saudi Aramco has set its August contract price for propane at $285 per tonne, down from $295 a tonne in July, it said on Thursday.

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

Saudi Aramco’s contract prices for propane and butane per tonne in US dollars were set as follows: Product August July Change Propane $285 $295 -$10 Butane $290 $310 -$20