What are the May 2024 LPG official selling prices (OSPs) set by Saudi Aramco and how do they compare to Sonatrach's May OSPs?

Saudi Aramco held its May LPG OSPs steady at $750 per metric ton for propane and $800 per ton for butane, while Sonatrach cut its May OSPs by 2% to 18% — specifically reducing propane by $150/ton to $700/ton and butane by $20/ton to $880/ton — due to higher global supply and weaker demand.

Why did Sonatrach cut its LPG OSPs for May while Saudi Aramco kept theirs unchanged?

Sonatrach cut its May LPG OSPs by 2% to 18% 'due to higher global supply and weaker demand', whereas Saudi Aramco held its prices steady — a decision reflecting divergent regional market conditions and pricing strategies, with Aramco's OSPs serving as the benchmark for Middle East-to-Asia-Pacific LPG contracts and Sonatrach's OSPs acting as benchmarks for the Mediterranean and Black Sea region, including Turkey.

Saudi Aramco holds LPG OSPs steady for May, Sonatrach cuts prices by 2% to 18%

May 4, 2026

Saudi Aramco held May LPG OSPs steady at $750 for propane, while Sonatrach cut prices by 2% citing higher supply and weaker demand. These benchmarks guide contracts for the Asia-Pacific and Mediterranean regions respectively.

reuters

2026-05-04

Saudi Aramco holds LPG OSPs steady for May, Sonatrach cuts prices by 2% to 18%

2026-06-01

Saudi Aramco raises LPG OSPs by up to 3% for June, Sonatrach cuts prices by 18% and 31%

2026-07-01

Saudi Aramco and Sonatrach Cut LPG Prices for July

Saudi Aramco holds LPG OSPs steady for May, Sonatrach cuts prices by 2% to 18%

FAQ