Algerian Sonatrach Cuts December LPG OSPs

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.