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Wednesday, January 15, 2025 23:13 GMT
Algeria's Sonatrach cut official selling prices (OSPs) for liquefied petroleum gas (LPG) by 2-3% due to rising supply in the Mediterranean region, traders said.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 lowered its December OSP for propane by US$10 per ton to US$585 and cut its OSP for butane by US$15 per ton to US$585.Sonatrach's OSPs for LPG are used as benchmarks for the Mediterranean, Black Sea region and Turkey.