Moscow: Due to an influx of the fuel, whose exports have been restricted by European sanctions, domestic prices of liquefied petroleum gas (LPG) in Russia fell by half in December compared to the previous month, according to calculations by Reuters.
On December 20, the European Union imposed sanctions on Russian LPG. One of Russia’s biggest importers of LPG, Poland, suggested the limitations last year.
Propane and butane, or LPG, is mostly used as heating fuel, automobile fuel, and to make other petrochemicals.
According to Reuters calculations based on trading sources and data from a local commodity exchange, wholesale prices in Russia fell from 28,000 roubles per metric ton at the end of November to about 14,000 roubles ($140) per metric ton in December as a result of a sharp increase in LPG supplies to the domestic market.
