MOSCOW, Feb 1 (Reuters) - Saudi Arabia’s state oil producer Aramco and Algeria’s Sonatrach raised February official selling prices for liquefied petroleum gas by 10-34% compared to January amid rising oil prices and limited global LPG supply, traders said.
Aramco's OSP for propane rose by $200 to $790 per tonne in February PRO-OFFCL-SA, while the OSP for butane increased by $185 to $790 per tonne BUT-OFFCL-SA.
Sonatrach's OSP for propane rose by $160 to $720 per tonne PRO-OFFCL-DZ, and the OSP for butane went up by $60 to $640 per tonne BUT-OFFCL-DZ.
Aramco’s OSPs for LPG are used as a reference for contracts to supply the product from the Middle East to the Asia-Pacific region. Sonatrach’s OSPs for LPG are used as benchmarks for the Mediterranean, Black Sea region and Turkey. (Editing by Jan Harvey)