Aramco raises LPG contract prices for February by $10 per tonne

RIYADH: The Saudi Arabian Oil Co., also known as Saudi Aramco, on Wednesday raised the official selling prices for propane and butane in February by $10 a tonne from the previous month, according to an official statement.

Aramco’s February OSP for propane is $630 per tonne, while price for butane has been set at $640 per ton.

Propane and butane are types of liquefied petroleum gas with different boiling points.

LPG is mainly used as a fuel for cars, heating and as a feedstock for other petrochemicals.

Aramco’s OSPs for LPG are used as a reference for contracts to supply the product from the Middle East to the Asia-Pacific region.