What were the exact July LPG price cuts announced by Saudi Aramco and Sonatrach, and how do they differ by product?

Saudi Aramco cut its July official selling prices (OSPs) by $180 per metric ton for propane to $580/ton and by $220/ton for butane to $600/ton — representing declines of 24% to 27%. Sonatrach reduced its July propane OSP by $57/ton to $518/ton and butane OSP by $10/ton to $600/ton — corresponding to cuts of 2% to 10%. These reductions reflect higher global LPG supply, as stated by traders.

Why are Saudi Aramco’s and Sonatrach’s LPG OSPs significant beyond their domestic markets?

Saudi Aramco's LPG OSPs serve as the key pricing reference for contracts supplying LPG from the Middle East to the Asia-Pacific region, while Sonatrach's OSPs act as benchmarks for the Mediterranean and Black Sea region, including Turkey.

Saudi Aramco and Sonatrach Cut LPG Prices for July

Jul 1, 2026

Saudi Aramco and Sonatrach reduced their July official selling prices for liquefied petroleum gas due to higher global supply. Propane and butane prices dropped significantly, impacting benchmarks for Asia-Pacific and Mediterranean regions respectively.

reuters

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2026-06-01

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Saudi Aramco and Sonatrach Cut LPG Prices for July

Saudi Aramco and Sonatrach Cut LPG Prices for July

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