KHOBAR, Saudi Arabia, Feb 28 (Reuters) - State-run Saudi Aramco has set its March contract price for propane at $480 a tonne, down from $510 in February, the company said in a statement.
The price provides a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced.
Saudi Aramco's contract prices for propane and butane per tonne in U.S. dollars were set as follows:
Product Mar. Feb. Change Propane $480 $510 -$30 Butane $600 $600 no change
(Reporting by Reem Shamseddine; editing by Hadeel Al Sayegh) ((Reem.Shamseddine@thomsonreuters.com; +966503335202; Reuters Messaging: reem.shamseddine.thomsonreuters.com@reuters.net))
The price provides a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced.
Saudi Aramco's contract prices for propane and butane per tonne in U.S. dollars were set as follows:
Product Mar. Feb. Change Propane $480 $510 -$30 Butane $600 $600 no change
(Reporting by Reem Shamseddine; editing by Hadeel Al Sayegh) ((Reem.Shamseddine@thomsonreuters.com; +966503335202; Reuters Messaging: reem.shamseddine.thomsonreuters.com@reuters.net))
