Saudi Aramco hikes LPG contract price for June

London, (Quantum Commodity Intelligence) – Oil producer Saudi Aramco has hiked its official monthly selling price of liquefied gas (LPG) for June, reversing successive cuts as oil prices rise.

The world's biggest oil producer set the price for June propane at $530/mt, up $35/mt and May butane at $525/mt, up $50/mt on the previous month's OSP, according to market sources.

The CPs are up around 7-10% on May's level, more or less tracking a 9% increase in crude prices over the past month, according to Quantum data.