DUBAI- Saudi Arabian state oil giant Aramco has set its May contract price for propane at $340 a tonne, up from $230 in April, the company said on Thursday.

Aramco has set May butane prices at $340, up from $240 the previous month.

The price provides a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced.

(Reporting by Dahlia Nehme Editing by David Goodman ) ((dahlia.nehme@thomsonreuters.com;))