E1, LPG Price Increased by 88 KRW per kg in December

[Asia Economy Reporter Hwang Yoon-joo] E1 announced on the 30th that although there was a significant price increase factor due to the rise in international LPG prices, it will reflect only part of the increase factor to reduce the burden on consumers and raise the domestic LPG supply price by 88 KRW per kilogram (kg) in December.

Accordingly, E1's domestic LPG supply price in December for propane is 1,397.8 KRW per kilogram for household and commercial use, and 1,404.4 KRW for industrial use. Butane is priced at 1,720.38 KRW.

Meanwhile, the domestic LPG supply price is determined based on the international LPG price (CP: Contract Price) notified by Saudi Arabia's state-owned oil company Aramco, reflecting exchange rates, various taxes, and distribution costs.