The pricing formula at dedicated filling stations a the formula (= at b was comprised of the LPg international price(a)and a LPG operating price(B). Ceiling prices were set based on the international free-on-board price-updated once every six months-with additions made for operating costs and profit margins. Determined by the operators when they tendered their original station contract bids, the LPG operating price operating cost and profit margin"component was updated once a year in-line with the composite consumer price index Free-on-board: " FOB prices exclude all insurance and freight charges.effectively priced at the loading port"(platts. com). The Saudi aramco LPG contract price was commonly quoted for trade in asia4 The pricing formula at dedicated filling stations ◼ the formula (P = A + B) was comprised of the LPG international price (A) and a LPG operating price (B). Ceiling prices were set based on the international free-on-board price – updated once every six months – with additions made for operating costs and profit margins. Determined by the operators when they tendered their original station contract bids, the LPG operating price “operating cost and profit margin” component was updated once a year in-line with the composite consumer price index. Free-on-board : “FOB prices exclude all insurance and freight charges…effectively priced at the loading port” (platts.com). The Saudi Aramco LPG contract price was commonly quoted for trade in Asia