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Aramcos April OSP for propane was stable at $615 per metric ton , while butane was $605 per ton , traders said MOSCOW: Oil producer Saudi Aramco keeps its April official selling prices (OSPs) for liquefied petroleum gas (LPG) unchanged from March, while Algerias Sonatrach cut its OSPs by 2-7% due to weaker demand in the Mediterranean, traders said on Monday. Aramcos April OSP for propane was stable at $615 per metric ton , while butane was $605 per ton , traders said. Propane and butane are types of LPG with different boiling points. LPG is used mainly as fuel for cars and heating as well as a feedstock for other petrochemicals. Sonatrach cut its April OSP for propane by $10 to $550 a ton and for butane by $40 to $545 a ton , traders said. Aramcos OSPs are used as a reference for contracts to supply LPG from the Middle East to the Asia-Pacific region. Sonatrachs OSPs are used as benchmarks for the Mediterranean and Black Sea region, including Turkey. (Reporting by Reuters, Editing by Louise Heavens) |
