Saudi Aramco & Algerian Sonatrach Cut OSPs for LPG in August

published:05/08/2025 07:09 GMT

Algeria's Sonatrach and Saudi Arabia's state oil producer Aramco cut official selling prices (OSPs) for liquefied petroleum gas in August by 4.6-10.1% due to rising supply and weaker demand on the global markets, traders said. Saudi Aramco cut its August OSP for propane by US$55 per ton to US$520 and for butane also by US$55 per ton to US$490. 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...More