Saudi Aramco & Algeria's Sonatrach Raise LPG Prices for September

Saudi Arabia's state oil producer Saudi Aramco has raised official selling prices for liquefied petroleum gas by between 1% and 3% for September due to higher demand on the global markets, traders said on Tuesday.

Algeria's Sonatrach lifted LPG prices for September by between 4% and 7%, the traders also said.

Saudi Aramco's September OSPs increased by US$5 per metric ton to US$625 a ton for propane and by US$20 a ton to US$660 per ton for butane.

Propane and butane are types of LPG with different boiling points. LPG is mainly used as fuel for cars, heating and as a feedstock for other petrochemicals.

Sonatrach increased its September propane OSP by US$20 a ton to US$560 and for butane by US$40 a ton to US$610 .

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

Sonatrach's OSPs are used as benchmarks for the Mediterranean and Black Sea region, including Turkey.