Saudi Arabian Oil Co. (Saudi Aramco) raised its February 2025 contract prices for propane month-on-month (MoM) by $10 to $635 a ton.
| Month | Value (Dollar\Ton) | Change |
|---|---|---|
| 2025 January | 625.00 | (10.00) |
| 2025 February | 635.00 | 10.00 |
Saudi Aramco also increased butane contract prices by $10 MoM to $625 a ton for the same month.
| Month | Value (Dollar\Ton) | Change |
|---|---|---|
| 2025 January | 615.00 | (15.00) |
| 2025 February | 625.00 | 10.00 |
Prices are based on a free-on-board (FOB) basis from the Port of Ras Tanura.
Saudi Aramco's prices are a benchmark for other Asian exporters since the company is the biggest exporter of liquefied petroleum gas (LPG) in Asia.
The oil giant sells propane and butane to local petrochemical companies with a 20% discount compared to FOB Ras Tanura prices, based on the pricing rate applied since early 2017.
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