DUBAI - State-run Saudi Aramco has set its August contract price for propane at $370 a tonne, down from $375 in July, the company said on Tuesday.

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 Aug July CHANGE

Propane $370 $375 -$5

Butane $360 $355 +$5

(Reporting by Asma Al Sharif; writing by Rania El Gamal; Editing by Susan Fenton) ((rania.elgamal@thomsonreuters.com; +971 562 160 434; Reuters Messaging: rania.elgamal.reuters.com@reuters.net ; Twitter: https://twitter.com/Rania_ElGamal))