Aramco and Sonatrach Increase LPG Prices for August
Saudi Aramco and Sonatrach Algeria increased their LPG prices for August due to rising demand in global markets. Aramco raised prices by approximately 6 to 7%, with propane going up to $620 per ton and butane to $640 per ton. Meanwhile, Sonatrach boosted prices by up to 23%, with propane reaching $540 per ton and butane $570 per ton. LPG is primarily used as a fuel source, for heating, and in petrochemical manufacturing. These price hikes serve as benchmarks for contracts across the Middle East, Asia, and Europe.
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