
Kuwait Petroleum Corporation (KPC) announced on Tuesday new prices for liquid gas (Propane and Butane) for October. The corporation said in a statement to Kuwait News Agency (KUNA) that propane gas will be sold for USD 820 per metric ton, down by USD 30 compared to last September, which recorded a price of USD 850. Butane gas will be sold for USD 850 per metric ton, down by USD 25 compared to USD 875 of last September, added the corporation. Liquid gas prices decreased during October, compared to last September where the propane prices went down by 3.5 percent, while butane prices went down by 2.8 percent. The corporation noted that propane and butane were both sold at the same price of USD 820 per metric ton last August. Both gases are used for petrochemical industries, cooking gas, and heating among other different uses. The prices of liquid gases are affected by prices in international oil markets, the exchange rate of the US dollar against the main currencies, as well as high and low demands on gas in the markets. Liquid gas prices are also affected by geopolitical factors, natural disasters and economic crises.
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summit
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor