DUBAI  - State-run Saudi Aramco has set its May contract price for propane at $525 a tonne, up from $515 in April, 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 May April CHANGE

 

Propane $525 $515 +$10

 

Butane $530 $535 -$5

(Reporting by Dahlia Nehme; editing by Rania El Gamal) ((dahlia.nehme@thomsonreuters.com))