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Saudi Aramco Raises August OSP for Propane, Butane

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State-owned Saudi Aramco has raised its official selling prices for liquefied petroleum gas products for August, reversing sharp decreases seen in the previous month.

In an emailed statement on Thursday, the energy giant said it increased the August OSP for propane by $40 to $620 per metric ton, from $580/MT in July.

Similarly, the butane OSP was raised by $40 to $640/MT, from $600/MT in July.

These price adjustments follow significant drops earlier in the summer, when July propane and butane OSPs fell from June peaks of $760/MT and $820/MT, respectively.

Saudi Aramco's monthly OSPs remain a critical global benchmark, establishing the pricing foundation for long-term supply contracts across the Asia-Pacific region.

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