Moscow — Saudi Arabia’s state oil producer Aramco left unchanged its official selling prices (OSPs) for liquefied petroleum gas in September, while Algeria’s Sonatrach raised its LPG price by 1.1%-2.4% due to stronger demand, traders said.
Saudi Aramco’s September OSP was stable at $520 per metric ton for propane and at $490 per ton butane.
Propane and butane are types of LPG with different boiling points.
LPG is mainly used as a fuel for cars, heating and as a feedstock for other petrochemicals.
Sonatrach increased its September OSP for propane by $5 per ton to $450 <PRO-OFFCL-DZ > and for butane by $10 per ton to $425 .
Aramco’s OSPs for LPG are used as a reference for contracts to supply LPG from the Middle East to the Asia-Pacific region.
Sonatrach’s OSPs are used as benchmarks for the Mediterranean and Black Sea region, including Turkey.
Reporting by Reuters Editing by Tomasz Janowski – Reuters
