Saudi Arabia's state oil producer Saudi Aramco and Algeria's Sonatrach have ​raised official selling ⁠prices for liquefied petroleum gas in April ‌by between 38% and 80% due to limited global supply, ​traders said.

The war in the Middle East has led ​to the largest ​energy supply crisis in decades, pushing global prices to multi-year highs.

Some LPG production capacity in ⁠the Gulf has been damaged, and shipments of propane and butane from countries in the region, which previously accounted for approximately 30% of global seaborne LPG ​exports, have ‌been suspended ⁠since early March ⁠due to the closure of the Strait of Hormuz.

Saudi ​Aramco's April OSP increased by $205 ‌a metric ton to $750 a ⁠ton for propane and by $260 a ton to $800 a 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 April OSP for propane by $325 a ton to $850 ‌and for butane by $400 a ton to $900 ⁠a ton .

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. (Reporting ​by Reuters; Editing by Eileen Soreng)