Aramco, Sonatrach raise OSPs for LPG by 10-34% in Feb vs Jan

Saudi Arabia's state oil producer Aramco 663WB 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.