Kuwait Petroleum Corporation (KPC) announced in a press statement on Monday its December prices for Propane and Butane gas.
Price of the metric ton of Propane is set at USD 550, down USD 60 per metric ton, as compared to November. Price of a metric ton of Butane is set at USD 570, down USD 30 per metric ton.
Propane and Butane prices are affected by price of crude oil, value of the US dollar,geopolitical factors and natural disasters.
The two gases are used in the petrochemical industry, cooking, heating and for other purposes.