Saudi Aramco and Sonatrach raise LPG prices for September

Business Recorder reported that Saudi Aramco has lifted its September prices for liquefied petroleum gas, known as LPG, in a range of 1% to 3%. Traders told the outlet on Tuesday that rising global demand drove the change. Algeria's Sonatrach moved further, with its September LPG prices climbing between 4% and 7%.

Aramco's propane reference price rose $5 a metric ton to $625, while butane went up $20 to $660 a ton. Sonatrach raised propane by $20 to $560 a ton and butane by $40 to $610.

Aramco's price points serve as yardsticks for supply agreements moving LPG from the Middle East to Asia-Pacific. Sonatrach's benchmarks cover the Mediterranean and Black Sea area, Turkiye included. LPG has uses that include vehicle fuel, home heating and petrochemical feedstock.