March 1, 2020 / 8:57 AM / a month ago

Saudi Aramco sets March propane price at $430 a tonne

FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov

DUBAI (Reuters) - Saudi Arabia’s state oil giant Aramco has set its March propane price at $430 a tonne, down from $505 a tonne in February, the company said on Sunday.

Aramco has set March butane at $480 a tonne, down from $545 a tonne in February.

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

Reporting by Rania El Gamal; Editing by Tom Hogue

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