KSA & Kuwait Announce $30/Ton Increase In Propane, Butane Prices - Daily India

[hatrack]

Nicosia, May 15: Saudi Aramco and Kuwait Petroleum Corporation announced on April 30 that their LPG (liquefied petroleum gas) prices for May would increase by 30 dollars a ton.

Thus the price of butane will rise to 575 dollars a ton and the price of propane will increase to 560 dollars a ton.

The increase in the prices of the two liquefied gas products is attributed to the prevailing high crude oil prices, which hover at 60 dollars a barrel and to difficulties in meeting demand on the part of petrochemical producers, as well as to supply side tightness.

EDIT

http://www.dailyindia.com/show/141394.php/Saudi-and-Kuwaiti-butane-and-propane-prices-increased-by-30-dollars-a-ton