Kuwait Petroleum Corporation (KPC) announced on Sunday the new prices for liquefied petroleum gas (LPG), specifically propane and butane, for the upcoming month of September.

In a statement to the Kuwait News Agency (KUNA), the corporation stated that one metric ton of propane will be sold for $520 in September, while one metric ton of butane will be sold for $490.

Liquefied petroleum gases, propane and butane, are used in the petrochemical industry, in addition to other applications such as cooking and heating fuel, among other uses.

LPG prices are influenced by global oil prices, which serve as a key determinant for the pricing of these materials, in addition to being affected by supply and demand dynamics in the market and other factors.