EL7.AI
CommoditiesMedium•1 July 2026•
1 min read

Saudi Aramco, Sonatrach Cut LPG Prices for July

Key Facts

1Saudi Aramco cut official selling prices for LPG by between 24% and 27% in July.
2Algeria's Sonatrach lowered LPG prices by between 2% and 10% in July due to higher global supply.

Reflecting a glut in global energy markets, Saudi Aramco and Algeria's Sonatrach have cut their official selling prices for liquefied petroleum gas (LPG) for July. Aramco reduced prices by 24% to 27%, while Sonatrach's cuts ranged from 2% to 10%, according to media reports. The reductions are driven by higher global supply.

The cuts come amid an oversupplied market, with increased production from the United States and the Middle East pressuring prices. These are the steepest reductions this year and signal a shift in supply-demand dynamics. LPG prices have been declining recently as seasonal demand from Asia and Europe weakens.

In trading, Saudi Aramco's stock (2222.SR) closed at 26.12 riyals on July 1, per market data. The price cuts are expected to weigh on the company's third-quarter revenue. Investors will watch for any further price adjustments in the coming months as supply remains abundant.