State-run Saudi Aramco has increased its March contract price for propane to $500 a tonne, up $50 from the February level, an industry source said on Monday. Butane prices for March 2015 were set to $460 a tonne, down $20 from February level of $480. The prices provide a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced. Following is a table of Saudi Aramco's contract prices of propane and butane per tonne in U.S. dollars.
Product February 2015 - February 2014 Change
Propane $500 $450 +50
Butane $460 $480 -20
