$655 price of propane set by Aramco

State-run

Saudi Aramco has set its October contract price for propane at $655 (Dh2,409) a tonne — up from $600 last month, the company said yesterday.

The price provides a benchmark against which Middle East sales of liquefied petroleum gas to Asia are priced. Last week, reports said that Saudi Aramco would bring new crude output capacity of some 550,000 barrels per day online in the fourth quarter. (Reuters)