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Liquefied Petroleum Gas (LPG) Price Trend and Forecast

UNSPC code: 15111501
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⟳ Weekly Update
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Historical Data Since 2015
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Forecast for 2026
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liquefied petroleum gas (lpg) Price Trends by Country

brBrazil
cnChina
frFrance
inIndia
mxMexico
usUnited States
aeUnited Arab Emirates
saSaudi Arabia
qaQatar

Global liquefied petroleum gas (lpg) Spot Market Prices, Trend Analysis and Forecast

Price Watchâ„¢ provides real-time price assessments and price forecasts for Liquefied Petroleum Gas (LPG) across top trading regions:

LPG Regional Coverage LPG Grade and Country Coverage LPG Pricing Data Coverage Explanation
Middle East & Africa LPG Pricing Analysis Propane FOB Prices at Hamad Port, Qatar Weekly Price Update on LPG Real-Time Export Prices from Hamad Port, Qatar to Global Markets
  Butane FOB Prices at Hamad Port, Qatar Weekly Price Update on LPG Real-Time Export Prices from Hamad Port, Qatar to Global Markets
  Propane FOB Prices at Jeddah Port, Saudi Arabia Weekly Price Update on LPG Real-Time Export Prices from Jeddah Port, Saudi Arabia to Global Markets
  Butane FOB Prices at Jeddah Port, Saudi Arabia Weekly Price Update on LPG Real-Time Export Prices from Jeddah Port, Saudi Arabia to Global Markets
  Propane FOB Prices at Jebel Ali Port, United Arab Emirates Weekly Price Update on LPG Real-Time Export Prices from Jebel Ali Port, United Arab Emirates to Global Markets
  Butane FOB Prices at Jebel Ali Port, United Arab Emirates Weekly Price Update on LPG Real-Time Export Prices from Jebel Ali Port, United Arab Emirates to Global Markets
  Propane FOB Prices at Port of Shuwaikh, Kuwait Weekly Price Update on LPG Real-Time Export Prices from Port of Shuwaikh, Kuwait to Global Markets
  Butane FOB Prices at Port of Shuwaikh, Kuwait Weekly Price Update on LPG Real-Time Export Prices from Port of Shuwaikh, Kuwait to Global Markets
North America LPG Pricing Analysis Propane FOB Prices at Texas, USA Weekly Price Update on LPG Real-Time Export Prices from Texas, USA to Global Markets
  Propane CIF Prices at Manzanillo Port, Mexico Importing from USA Weekly Price Update on LPG Real-Time Import Prices at Manzanillo Port, Mexico from the USA
Asia-Pacific LPG Pricing Analysis Propane CIF Prices at Nhava Sheva Port, India Importing from Qatar Weekly Price Update on LPG Real-Time Import Prices at Nhava Sheva Port, India from Qatar
  Butane CIF Prices at Nhava Sheva Port, India Importing from Qatar Weekly Price Update on LPG Real-Time Import Prices at Nhava Sheva Port, India from Qatar
  Propane CIF Prices at Nhava Sheva Port, India Importing from Saudi Arabia Weekly Price Update on LPG Real-Time Import Prices at Nhava Sheva Port, India from Saudi Arabia
  Butane CIF Prices at Nhava Sheva Port, India Importing from Saudi Arabia Weekly Price Update on LPG Real-Time Import Prices at Nhava Sheva Port, India from Saudi Arabia
  Propane CIF Prices at Nhava Sheva Port, India Importing from United Arab Emirates Weekly Price Update on LPG Real-Time Import Prices at Nhava Sheva Port, India from the United Arab Emirates
  Butane CIF Prices at Nhava Sheva Port, India Importing from United Arab Emirates Weekly Price Update on LPG Real-Time Import Prices at Nhava Sheva Port, India from the United Arab Emirates
  Propane CIF Prices at Shanghai Port, China Importing from United Arab Emirates Weekly Price Update on LPG Real-Time Import Prices at Shanghai Port, China from the United Arab Emirates
  Butane CIF Prices at Shanghai Port, China Importing from United Arab Emirates Weekly Price Update on LPG Real-Time Import Prices at Shanghai Port, China from the United Arab Emirates
  Propane CIF Prices at Shanghai Port, China Importing from Qatar Weekly Price Update on LPG Real-Time Import Prices at Shanghai Port, China from Qatar
  Propane CIF Prices at Tokyo Port, Japan Importing from USA Weekly Price Update on LPG Real-Time Import Prices at Tokyo Port, Japan from the USA
  Propane CIF Prices at Busan Port, South Korea Importing from USA Weekly Price Update on LPG Real-Time Import Prices at Busan Port, South Korea from the USA

Liquefied Petroleum Gas (LPG) Price Forecasts & Market Foresight Q3 2026

Outlook: Strongly Bearish

Confidence: Medium–High

Global LPG prices are expected to decline in July 2026 as abundant exports from the Middle East and the United States coincide with softer seasonal demand and comfortable inventories. Prices are likely to ease further in August as buyers maintain need-based procurement and freight conditions remain stable.

A gradual stabilization is expected in September as pre-winter restocking begins across Asia, although ample supply should limit any significant rebound. The Middle East is expected to remain the key export hub, while India, China, Japan, South Korea, and Mexico continue steady imports under long-term contracts.

Geopolitical risks in key shipping routes may support market sentiment but are unlikely to cause major supply disruptions.

Global Liquefied Petroleum Gas (LPG) Market Overview by Region (July–September 2026)

Country Grade/Incoterm Outlook
Qatar Propane FOB Hamad Strongly Bearish
Qatar Butane FOB Hamad Strongly Bearish
Saudi Arabia Propane FOB Jeddah Strongly Bearish
Saudi Arabia Butane FOB Jeddah Strongly Bearish
UAE Propane FOB Jebel Ali Strongly Bearish
UAE Butane FOB Jebel Ali Strongly Bearish
USA Propane FOB Texas Bearish to Strongly Bearish
Kuwait Propane FOB Port of Shuwaikh Strongly Bearish
Kuwait Butane FOB Port of Shuwaikh Strongly Bearish
India Propane CIF Nhava Sheva (QATAR) Strongly Bearish
India Butane CIF Nhava Sheva (QATAR) Strongly Bearish
India Propane CIF Nhava Sheva (Saudi Arabia) Strongly Bearish
India Butane CIF Nhava Sheva (Saudi Arabia) Strongly Bearish
India Propane CIF Nhava Sheva (UAE) Strongly Bearish
India Butane CIF Nhava Sheva (UAE) Strongly Bearish
China Propane CIF Shanghai (United Arab Emirates) Strongly Bearish
China Butane CIF Shanghai (United Arab Emirates) Strongly Bearish
China Propane CIF Shanghai (QATAR) Strongly Bearish
Mexico Propane CIF Manzanillo (United States of America) Strongly Bearish
Japan Propane CIF Tokyo (United States of America) Bearish to Strongly Bearish
South Korea Propane CIF Busan (United States of America) Strongly Bearish

*LPG Forecast represents an analytical assessment based on information available at the time of publication. Actual market prices may vary due to unforeseen operational, regulatory, geopolitical, or economic developments.

Explore the Complete Price Watch™ LPG Forecast

Access comprehensive LPG market intelligence, including a 3-Month Rolling Forecast, 12-Month Price Forecast, forward price curves, country-wise market outlooks, procurement insights, and monthly forecast updates.

Explore Price Watch™ LPG Forecasts

What’s Included

The 3-Month Forecast (Updated Monthly)

It reflects changes in feedstock costs, liquefaction and regasification activity, energy prices, producer operating rates, planned and unplanned plant outages, storage inventory levels, global LPG trade flows, shipping and freight rates, regional demand, weather conditions, and geopolitical developments affecting the global LPG market.

The 12-Month Forecast (Published Annually)

It provides a strategic outlook based on expected capacity additions, supply-demand balances, feedstock economics, macroeconomic conditions, industrial production trends, trade policies, seasonal demand patterns, and long-term supply chain developments, supporting procurement, budgeting, and strategic planning.

Our Proprietary Hybrid Forecasting Model Evaluates:

  • Feedstock & production economics
  • Plant operating rates & outages
  • Inventory and supply-demand balance
  • Regional trade flows & freight
  • Import-export dynamics
  • Macroeconomic & geopolitical developments

Track Supply Chain Disruptions in Real Time

As geopolitical risks continue to reshape global supply chains, stay ahead of the events that drive price movements by monitoring plant shutdowns, maintenance turnarounds, force majeure events, logistics bottlenecks, trade restrictions, and operational disruptions before they impact LPG markets.

Access the Price Watch™ GIO Tracker

Propane Price Trend Q2 2026

In Q2 2026, the global Propane market witnessed a sharp upward trend as supply concerns intensified following the escalation of geopolitical tensions in the Middle East, particularly after the Israel-Iran conflict heightened fears of disruptions to energy shipments through the Strait of Hormuz.

Although major LPG export facilities continued operating without significant outages, buyers accelerated procurement to strengthen supply security amid rising uncertainty. Robust petrochemical feedstock demand in Asia, steady residential consumption, and resilient export programs from key producing regions further supported market fundamentals.

The Propane Price Chart reflected heightened volatility, while the Propane Price Index indicated strong bullish sentiment driven by geopolitical risk premiums and active inventory replenishment.

Qatar

In Q2 2026, Propane Price Trend in Qatar remained strongly bullish as escalating geopolitical tensions in the Middle East heightened concerns over cargo movements through the Strait of Hormuz, prompting Asian importers to accelerate procurement.

Strong production from Ras Laffan ensured uninterrupted exports despite regional uncertainty, while contractual cargo nominations remained robust across key consumer markets. Limited prompt cargo availability and precautionary inventory building further supported trading sentiment throughout the quarter. Propane Price in Qatar increased by 22.27% during Q2 2026.

In June 2026, Propane Prices in Qatar rose by 4.00% compared with May as geopolitical risk premiums and stronger procurement supported export values. Overall, the Qatar market remained fundamentally strong.

Saudi Arabia

In Q2 2026, Propane Price Trend in Saudi Arabia remained firmly supported by disciplined export programs and sustained contractual demand from Northeast Asia despite elevated geopolitical uncertainty across the Gulf region.

Saudi Contract Prices continued to influence regional LPG pricing as buyers prioritized long-term supply agreements to reduce procurement risks. Export terminals maintained smooth loading operations, while resilient production levels ensured dependable cargo availability throughout the quarter.

Propane Price in Saudi Arabia increased by 39.94% during Q2 2026. In June 2026, Propane Prices in Saudi Arabia increased by 1.33% from the previous month as contractual demand remained firm. Overall, the Saudi Arabian market remained firmly supported.

United Arab Emirates

In Q2 2026, Propane Price Trend in the United Arab Emirates remained positive as geopolitical tensions in the Gulf encouraged importers to secure additional cargoes before potential shipping disruptions.

Competitive export availability, efficient terminal throughput, and reliable vessel scheduling enabled suppliers to maintain uninterrupted deliveries despite heightened uncertainty.

Strong buying interest from South and East Asia further tightened prompt cargo availability during the quarter. Propane Price in the United Arab Emirates increased by 26.87% during Q2 2026. In June 2026, Propane Prices in the United Arab Emirates increased by 4.23% from May as buyers continued precautionary procurement. Overall, the UAE market remained resilient.

United States

In Q2 2026, Propane Price Trend in the United States remained supported by abundant shale-based natural gas liquids production and strong export demand from international buyers seeking alternative supply sources amid Middle Eastern geopolitical risks.

Gulf Coast export terminals operated at high utilization rates, although domestic inventories remained comfortable following healthy production. Export arbitrage opportunities continued attracting overseas demand despite softer buying toward the end of June.

Propane Price in the United States increased by 23.17% during Q2 2026. In June 2026, Propane Prices in the United States declined by 10.14% from May as buying momentum eased after earlier gains. Overall, the US market remained fundamentally strong.

Kuwait

In Q2 2026, the Propane Price Trend in Kuwait continued to be bolstered by ongoing export activities despite increased geopolitical tensions throughout the Gulf. Robust cargo nominations from Asian importers and reliable upstream production maintained high export volumes during the quarter.

Purchasers enhanced inventory levels to counter possible shipping interruptions, while consistent loading timetables bolstered trust in supply dependability.

The price of propane in Kuwait rose by 32.01% in the second quarter of 2026. In June 2026, Propane Prices in Kuwait rose by 1.33% from May due to ongoing regional uncertainty bolstering market sentiment. In general, the Kuwait market continued to be robust.

India

In Q2 2026, the propane price trend in India stayed remarkably robust as escalating global prices and geopolitical instability prompted distributors to obtain extra shipments from Middle Eastern sources.

Residential LPG usage stayed strong, and petrochemical manufacturers continued to secure adequate feedstock to sustain downstream manufacturing. Import terminals effectively managed increased cargo arrivals, facilitating prompt inventory restocking in key consumption areas.

The price of propane in India rose by 71.98% in the second quarter of 2026. In June 2026, Propane Prices in India rose by 3.52% compared to May, as ensuring supply security continued to be the main procurement focus. In general, the Indian market continued to be heavily influenced by demand.

China

In Q2 2026, the propane price trend in China stayed stable as propane dehydrogenation operators upheld high operating rates, bolstered by enhanced downstream margins and robust manufacturing performance.

Purchasers hastened raw material purchases due to worries about shipping hazards in the Middle East, while the strategic buildup of inventory boosted import needs. Effective port management and varied sourcing guaranteed a steady flow of cargo despite geopolitical instability.

The price of propane in China rose by 66.24% in the second quarter of 2026. In June 2026, Propane Prices in China rose by 3.23% from May due to robust procurement activity. In general, the Chinese market stayed fundamentally strong.

Mexico

In Q2 2026, the propane price trend in Mexico continued to be upheld by consistent imports from the United States, even with variations in international rates and geopolitical events impacting global LPG commerce. Residential demand stayed consistent, as distributors kept sufficient stock after more robust purchasing earlier in the quarter.

Dependable international logistics and effective local distribution systems guaranteed continuous product availability. The price of propane in Mexico rose by 17.61% in the second quarter of 2026.

In June 2026, Propane Prices in Mexico fell by 6.93% compared to May as purchasing activity slowed down towards the quarter’s conclusion. In general, the Mexican market continued to have sufficient supplies.

Japan

In Q2 2026, the propane price trend in Japan continued to prioritize supply security as purchasers observed rising geopolitical tensions affecting crucial Middle Eastern shipping lanes. Utilities and industrial users raised contractual purchases while keeping strong storage levels to lessen vulnerability to supply interruptions.

Consistent import shipments and varied sourcing approaches ensured local supply despite heightened freight unpredictability. The price of propane in Japan rose by 19.12% in the second quarter of 2026. In June 2026, Propane Prices in Japan fell by 8.20% from May due to a decrease in seasonal demand. In general, the Japanese market stayed steady.

South Korea

In Q2 2026, the propane price trend in South Korea continued to be bolstered by strong feedstock demand from propane dehydrogenation plants, even amid rising concerns about LPG supplies from the Middle East.

Importers increased purchases at the start of the quarter to bolster inventory levels ahead of rising geopolitical risks, while effective terminal operations maintained seamless cargo handling. Demand for downstream petrochemicals stayed strong, but purchasing activity decreased as June approached with rising inventories.

The price of propane in South Korea rose by 52.38% in Q2 2026. In June 2026, Propane Prices South Korea saw a decrease of 10.80% compared to May due to reduced procurement activity following previous inventory restocking. In general, the South Korean market continued to be fundamentally sustained.

Liquefied Petroleum Gas (LPG) Price Trend Analysis: Q1 2026

Liquified Petroleum Gas (LPG) Price Trend Q1 2026

In Q1 2026, the global Propane market strengthened as colder-than-average winter temperatures across the Northern Hemisphere lifted residential heating demand and accelerated LPG procurement. Asian propane dehydrogenation (PDH) producers maintained healthy feedstock purchases amid improving downstream margins, while Middle Eastern exporters continued operating at high utilization rates. US Gulf Coast exports remained robust, supported by competitive shale-based production and favorable export economics. Although geopolitical concerns surrounding the Red Sea and Strait of Hormuz persisted, cargo flows remained largely uninterrupted. The Propane Price Chart reflected broad market strength, while the Propane Price Index indicated firmer global sentiment driven by seasonal demand and active inventory replenishment.

Qatar

In Q1 2026, Propane Price Trend in Qatar remained firm, with the quarterly average price increasing by 17.84% compared with the previous quarter, supported by strong winter demand across Northeast Asia and accelerated contractual liftings. Strong export availability from Ras Laffan ensured uninterrupted cargo nominations, while healthy demand from Japan, South Korea, and China reduced prompt cargo availability. Despite concerns surrounding the Red Sea and the Strait of Hormuz, export logistics remained resilient with minimal disruption. Propane Price in Qatar continued to receive support from reliable production and stable exports. In March 2026, Propane Prices in Qatar reflected firm seasonal demand and resilient trade flows. Overall, the market remained fundamentally strong throughout the quarter.

Saudi Arabia

In Q1 2026, Propane Price Trend in Saudi Arabia strengthened, with quarterly prices rising by 10.24% compared with Q4 2025, supported by disciplined export allocations and strong winter demand across Northeast Asia. Buyers maintained regular procurement under long-term contracts, while export terminals operated smoothly despite heightened geopolitical monitoring across Middle Eastern shipping corridors. Propane Price in Saudi Arabia remained supported by stable production and consistent export schedules. In March 2026, Propane Prices in Saudi Arabia reflected balanced market fundamentals and resilient contractual demand. Overall, the Saudi Arabian market remained balanced throughout the quarter.

United Arab Emirates

In Q1 2026, Propane Price Trend in the United Arab Emirates remained positive, with quarterly prices increasing by 6.60%, supported by resilient export activity and competitive freight economics. Efficient terminal throughput and flexible cargo scheduling enabled exporters to respond quickly to procurement requirements, while stable upstream production ensured reliable cargo availability. Propane Price in the United Arab Emirates remained supported by healthy industrial demand and uninterrupted export operations. In March 2026, Propane Prices in the United Arab Emirates reflected improving regional demand and stable supply conditions. Overall, the UAE market remained well supported during the quarter.

United States

In Q1 2026, Propane Price Trend in the United States improved, with quarterly prices rising by 3.92%, supported by abundant shale-driven natural gas liquids production and robust export activity. Strong winter heating demand accelerated inventory withdrawals, while competitive export arbitrage sustained healthy cargo flows to Asia and Latin America. Export terminal utilization remained elevated as overseas buyers secured additional volumes. Propane Price in the United States remained supported by resilient midstream infrastructure and uninterrupted shipments. In March 2026, Propane Prices in the United States reflected stronger seasonal demand and healthy export activity. Overall, the market remained fundamentally strong throughout the quarter.

Kuwait

In Q1 2026, Propane Price Trend in Kuwait remained stable, with quarterly prices increasing by 8.63%, supported by reliable upstream production and consistent contractual cargo nominations to major Asian destinations. Healthy winter demand encouraged regular procurement under long-term agreements, while stable loading schedules ensured efficient vessel turnaround. Buyers became more cautious toward the end of the quarter as inventories improved, although export availability remained sufficient. Propane Price in Kuwait continued to benefit from competitive Middle Eastern supply. In March 2026, Propane Prices in Kuwait reflected balanced regional trade and stable export performance. Overall, the market remained steady during the quarter.

India

In Q1 2026, Propane Price Trend in India remained strong, with quarterly prices increasing by 26.14%, supported by higher residential LPG consumption during winter and resilient petrochemical demand. Importers accelerated procurement from Middle Eastern suppliers to replenish inventories amid firmer international prices, while efficient terminal operations ensured uninterrupted cargo handling. Propane Price in India remained supported by stable inland distribution and improving international market sentiment. In March 2026, Propane Prices in India reflected strong seasonal demand and active import procurement. Overall, the Indian market remained demand driven throughout the quarter.

China

In Q1 2026, Propane Price Trend in China remained firm, with quarterly prices rising by 20.63%, as propane dehydrogenation operators increased feedstock procurement following improved downstream margins. Import demand strengthened after year-end inventory drawdowns, while diversified sourcing from the Middle East and the United States ensured adequate supply. Propane Price in China remained supported by high terminal throughput and efficient port operations. In March 2026, Propane Prices in China reflected stronger industrial activity and healthy petrochemical demand. Overall, the Chinese market remained fundamentally firm during the quarter.

Mexico

In Q1 2026, Propane Price Trend in Mexico remained positive, with quarterly prices increasing by 1.06%, supported by stable pipeline and seaborne imports from the United States. Winter demand encouraged distributors to strengthen inventory positions, while integrated cross-border logistics minimized supply disruptions. Propane Price in Mexico continued to be influenced by Gulf Coast pricing trends and consistent US exports. In March 2026, Propane Prices in Mexico reflected stable procurement and uninterrupted domestic distribution. Overall, the Mexican market remained well supplied throughout the quarter.

Japan

In Q1 2026, Propane Price Trend in Japan remained stable, with quarterly prices increasing by 0.89%, supported by elevated winter heating demand and disciplined procurement under long-term supply contracts. Utilities and industrial consumers maintained healthy inventory levels, while stable import arrivals ensured uninterrupted domestic availability. Propane Price in Japan remained supported by efficient storage management and dependable shipping schedules. In March 2026, Propane Prices in Japan reflected balanced supply conditions and steady seasonal demand. Overall, the Japanese market remained balanced during the quarter.

South Korea

In Q1 2026, Propane Price Trend in South Korea remained supported, with quarterly prices increasing by 4.00%, driven by higher feedstock consumption as propane dehydrogenation facilities increased operating rates. Importers expanded procurement during the winter season, while efficient terminal operations enabled smooth cargo handling and timely deliveries. Propane Price in South Korea remained supported by healthy downstream manufacturing activity and stable imports. In March 2026, Propane Prices in South Korea reflected improving demand and resilient supply conditions. Overall, the South Korean market remained fundamentally supported throughout the quarter.

Liquefied Petroleum Gas (LPG) Price Trend Analysis 2025

Liquified Petroleum Gas (LPG) Price Trend Q1 2025

Moving into Q1 2025, the LPG market in the FOB Jebel Ali prices remained relatively stable, with Propane prices at 661.53 USD per metric ton, reflecting a 0.12% increase from Q4 2024, while Butane prices stood at 658.97 USD per metric ton, showing a 0.19% increase from Q4. This slight upward movement was mainly due to consistent export demand from Asia and Europe and steady domestic consumption.

The UAE’s strong production infrastructure and strategic supply chains played a crucial role in maintaining market balance, preventing any sharp fluctuations while ensuring reliable availability of both Propane and Butane. 

In Q1 2025, the LPG market in India remained largely stable, with CIF Nhava Sheva Propane prices inching up to 688 USD per metric ton, a 0.29% increase, and Butane rising slightly to 686 USD per metric ton, up by 0.44% from Q4. Export demand from Asia stayed firm, and domestic consumption remained steady in both household and commercial sectors.

With logistics normalized after the busy festive quarter and weather-related demand still present in certain northern regions, the market avoided major fluctuations. India’s well-managed supply chain and strategic sourcing agreements played a key role in keeping the market balanced and prices controlled as 2025 began. 

Liquified Petroleum Gas (LPG) Price Trend Q2 2025

In Q2 2025, according to the PriceWatch, Propane and Butane (FOB Jebel Ali) prices showed a moderate decline from the previous quarter. Propane prices averaged 640 USD per metric ton, registering a -3.25% drop from 661.53 USD per metric ton in Q1. The decline was mainly due to the tapering off of seasonal heating demand and a well-balanced supply chain across the Gulf region. Supply-side stability, along with minimal upstream disruptions, kept the Propane market adequately supplied.

In parallel, Butane prices averaged 644.67 USD per metric ton, falling -2.17% from 658.97 USD per metric ton in Q1. This Butane price trend was shaped by moderate downstream activity and sufficient inventories in core importing countries, particularly in Asia. The Propane price index and Butane price chart both reflected a softening trajectory, indicating a cautious approach from buyers. Overall, the market for both Propane and Butane in Q2 moved toward stabilization, supported by strong fundamentals, and restrained demand. 

In Q2 2025, According to the PriceWatch, Propane and Butane prices on a CIF basis at Nhava Sheva recorded a downward movement compared to the previous quarter. Propane averaged 665.42 USD per metric ton, registering a -3.27% decline from 688 USD per metric ton in Q1 2025. Butane prices averaged 671 USD per metric ton, down -2.10% from 686 USD per metric ton in the previous quarter.

This overall decline was mainly due to stable inventory levels from Q1 and reduced spot buying interest, as demand from residential and commercial segments remained subdued due to milder summer conditions. There was also no significant disruption on the supply side, which kept availability steady across terminals.

The Propane price trend and Butane price trend remained soft, with the price chart and price index showing limited fluctuations. The LPG market at Nhava Sheva in Q2 leaned toward correction, supported by balanced demand and comfortable supply across the region. 

Liquified Petroleum Gas (LPG) Price Trend Q3 2025

In Q3 2025, the global LPG market recorded a noticeable downturn in prices across major regions. In the Middle East, exporters such as Qatar and Saudi Arabia saw declining FOB prices due to reduced Asian demand and stronger regional competition.

The United States saw a significant fall in FOB Texas prices, driven by excess supply and fewer export enquiries. In Asia, countries like India and China registered lower CIF prices amid cautious procurement and sufficient stock levels.

The European and Latin American markets, including Belgium, France, and Brazil, also observed weakened CIF prices due to high inventories and competitive U.S. cargoes. Overall, the LPG price trend globally remained bearish.

Qatar: Liquefied petroleum gas (LPG) Export Price from FOB Hamad, Grade: Propane.

In Q3 2025, Liquefied petroleum gas (LPG) price in Qatar declined by 7.59%, with FOB Hamad offers ranging USD 513–586 per metric ton. The LPG price trend in Qatar faced downward pressure amid increased regional supply and cautious buyer interest, mirroring a more competitive Gulf market environment.

Freight rates remained stable, supporting steady export volumes despite global uncertainties. According to Price-Watch AI, in September 2025, Liquefied petroleum gas (LPG) prices in Qatar increased by 1.50%, allowing a slight rebound amid the quarter’s overall decline. Several exporters adjusted offers to stimulate demand, while enquiries showed moderate activity.

Production stayed steady, but forward booking slowed considerably. Sellers experienced margin compression as competitive Gulf producers increased availability and discounted cargoes to gain market share.

Saudi Arabia: Liquefied petroleum gas (LPG) Export Price from FOB Jeddah, Grade: Propane.

In Q3 2025, LPG price in Saudi Arabia dropped by 11.51%, with FOB Jeddah offers ranging USD 485–586 per metric ton. The Liquefied petroleum gas (LPG) price trend in Saudi Arabia was bearish due to weaker global demand and oversupply, exacerbated by competitive pressures within the region.

Freight conditions remained steady, supporting ongoing exports amid fluctuating market sentiment. According to Price Watch, in September 2025, LPG prices in Saudi Arabia remained unchanged at 0.00%, indicating price stability despite the sharp quarterly fall.

Exporters decreased offers to attract cautious buyers, but enquiries remained weak throughout the quarter. Production levels were stable, though forward booking activity declined noticeably. Sellers faced margin pressure amid intensified competition from Gulf-origin cargoes offering discounts to secure sales.

United Arab Emirates: Liquefied Petroleum Gas (LPG) Export Price from FOB Jebel Ali, Grade: Propane.

In Q3 2025, LPG price in United Arab Emirates saw a decline of 9.11%, with FOB Jebel Ali offers ranging USD 535–645 per metric ton. The Liquefied petroleum gas (LPG) price trend in United Arab Emirates was under downward pressure as global buyers exercised cautiousness amid oversupplies and uncertain demand outlooks.

Several exporters cut off offers to stimulate demand, and enquiries remained weak throughout the quarter. According to Price Watch, in September 2025, LPG prices in the UAE decreased by 2.84%, continuing the downward momentum late in the quarter.

Production levels stayed stable, but forward booking activity went down, impacting overall trade dynamics. Sellers faced margin compression due to tightening spreads, especially when competing Gulf origin cargoes increased in availability and offered discounts to secure sales.

USA: Liquefied Petroleum Gas (LPG) Export Price from FOB Texas, Grade: Propane.

According to Price-Watch AI, in Q3 2025, LPG prices in USA declined by 9.90%, with FOB Texas offers ranging USD 359–396 per metric ton. The Liquefied petroleum gas (LPG) price trend in the USA showed a significant downward movement due to ample supply and soft global demand, resulting in more aggressive pricing tactics by exporters.

Freight rates remained stable, facilitating exports even as market conditions softened. In September 2025, LPG prices in the USA increased by 2.17%, indicating a slight price recovery amid ongoing competitive pressure. Exporters lowered offers to maintain market share amid declining enquiries.

Production was steady, but forward bookings deffered as buyers remained cautious about future pricing. Sellers faced margin pressure from inventory buildup and competition with pipeline gas alternatives.

India: LPG import price in India from CIF Nhava Sheva (QATAR), Grade: Propane.

According to Price-Watch™, in Q3 2025, LPG price in India declined by 4.48%, with CIF Nhava Sheva offers ranging USD 576–628 per metric ton. Freight rates remained stable, supporting steady imports despite global market volatility.

The LPG price trend in India showed a moderate downward shift as buyers exercised caution amid softer supply and mixed demand signals. In September 2025, LPG prices in India went up by by 2.25%, offering a mild price uptick following the quarterly decline.

Enquiries were steady but subdued, reflecting prudence in procurement and supply chain considerations. Propane FOB offers from Qatar adjusted downward, influencing import prices. Forward bookings slowed as buyers monitored market developments closely in anticipation of further changes.

China: LPG import price in China from CIF Shanghai (United Arab Emirates), Grade: Propane.

In Q3 2025, LPG price in China declined by 8.08%, with CIF Shanghai offers ranging USD 581–692 per metric ton. Freight costs remained steady, aiding ongoing imports despite rising competitive pressures from regional suppliers. The Liquefied petroleum gas (LPG) price trend in China was bearish, pressured by rising regional supply and restrained buyer interest amid uncertain economic conditions.

In September 2025, LPG prices in China decreased by 4.81%, continuing the downward trend into the final month of the quarter. Enquiries declined modestly as market uncertainty persisted, impacting short-term procurement decisions.

Propane FOB offers from the UAE were lowered to attract demand amid competitive pressures. Forward bookings slowed as buyers maintained a cautious stance, reflecting ongoing market uncertainty.

Belgium: LPG import price in Belgium from CIF Antwerp (United States of America), Grade: Propane.

In Q3 2025, LPG price in Belgium declined by 11.40%, with CIF Antwerp offers ranging USD 432–459 per metric ton. Freight rates remained stable, supporting consistent import flows despite global market headwinds.

The Liquefied petroleum gas (LPG) price trend in Belgium was bearish as global oversupply and subdued demand pressured prices across all segments. In September 2025, LPG prices in Belgium decreased by 1.35%, mirroring continuing softening conditions late in the quarter. Buyer enquiries weakened, reflecting cautious procurement amid uncertain market conditions.

Propane FOB offers from the USA were lowered to stimulate interest, but forward bookings slowed significantly. Sellers faced margin compression due to strong competition from alternative sources and inventory pressure.

Netherlands: LPG import price in Netherlands from CIF Rotterdam (United States of America), Grade: Propane.

In Q3 2025, LPG price in Netherlands fell by 9.63%, with CIF Rotterdam offering USD 420–447 per metric ton. Freight costs remained steady, facilitating imports despite a cautious buying environment. The Liquefied petroleum gas (LPG) price trend in Netherlands was under downward pressure amid rising supply and cautious buying behavior from key market players.

In September 2025, LPG prices in Netherlands increased by 2.33%, indicating a modest rebound at the end of the quarter. Enquiries declined moderately as buyers adopted a wait-and-see approach given the uncertain market signal.

Propane FOB offers from the USA were adjusted downward to attract demand. Forward bookings showed signs of slowing, with sellers facing tighter margins due to competitive pricing and inventory accumulation.

France: LPG import price in France from CIF Le Havre (United States of America), Grade: Propane.

In Q3 2025, LPG price in France declined by 10.85%, with CIF Le Havre offers ranging USD 461–499 per metric ton. Freight remained stable, aiding steady imports despite weakening demand fundamentals. The Liquefied petroleum gas (LPG) price trend in France was downward as weaker global demand and supply surpluses weighed heavily on prices throughout the quarter.

In September 2025, LPG prices in France increased by 1.91%, suggesting a mild recovery late in the quarter. Buyer enquiries softened, leading to reduced forward bookings as caution increased. Propane FOB offers from the USA were lowered to sustain market interest, but sellers encountered margin pressure due to competitive discounting and inventory buildup.

Mexico: LPG import price in Mexico from CIF Manzanillo (United States of America), Grade: Propane.

In Q3 2025, LPG price in Mexico declined by 10.75%, with CIF Manzanillo offers ranging USD 522–559 per metric ton. Freight rates were stable, supporting import continuity despite weak buyer sentiment. The Liquefied petroleum gas (LPG) price trend in Mexico was bearish amid soft global demand and abundant supply across the region.

In September 2025, LPG prices in Mexico increased by 1.50%, reflecting a slight positive correction following the quarter’s overall decline. Buyer enquiries decreased as market participants adopted a cautious outlook, waiting for more clarity.

Propane FOB offers from the USA were reduced to stimulate demand. Forward bookings slowed, and sellers faced margin squeezes due to competitive pressures and rising inventories.

Brazil: LPG import price in Brazil from CIF Santos (United States of America), Grade: Propane.

In Q3 2025, LPG price in Brazil declined by 10.71%, with CIF Santos offers ranging USD 420–453 per metric ton. Freight costs increased modestly but did not significantly impact imports or overall pricing dynamics.

The Liquefied petroleum gas (LPG) price trend in Brazil was downturned by ample supply and subdued buyer activity, with cautious market sentiment prevailing. In September 2025, LPG prices in Brazil increased by 2.09%, showing a modest uptick after the quarterly decline.

Enquiries softened, reflecting a cautious purchasing environment amidst broader uncertainty. Propane FOB offers from the USA were lowered to maintain competitiveness. Forward bookings slowed, and sellers faced tighter margins amid strong competition and inventory pressures.

Liquified Petroleum Gas (LPG) Price Trend Q4 2025

In Q4 2025, the global Propane market remained under pressure despite the onset of the winter heating season, as abundant export availability from the Middle East and North America outweighed seasonal demand gains. Buyers adopted disciplined procurement strategies, supported by comfortable inventories and improved supply visibility across major importing regions. Freight markets remained relatively stable, while uninterrupted export operations ensured smooth global trade flows. The Propane Price Chart reflected persistent downward pressure with intermittent recoveries, while the Propane Price Index highlighted a market characterized by oversupply and cautious purchasing sentiment.

Qatar

In Q4 2025, Qatar’s Propane market recorded a 9.90% quarterly decline as robust export availability coincided with restrained spot demand from Asian importers. Prices ranged between USD 493 and USD 576/MT during the quarter. Stable LPG production and uninterrupted export operations ensured consistent cargo availability throughout the period. Asian buyers largely relied on long-term contractual allocations, limiting spot procurement despite the winter season. Adequate inventories across major importing countries and competitive Middle Eastern supply continued to pressure export prices. Efficient shipping operations and reliable terminal performance maintained smooth cargo movements, keeping the market comfortably supplied. December prices declined by 6.31%.

Saudi Arabia

In Q4 2025, Saudi Arabia’s Propane market registered a 9.29% quarterly decline despite stronger buying toward the end of the quarter. Prices ranged between USD 460 and USD 537/MT during the period. Stable production and disciplined export programs ensured uninterrupted contractual deliveries to Asian customers. Winter procurement gradually strengthened cargo nominations, improving market sentiment during December. However, abundant regional supply and comfortable inventories across importing countries limited broader price recovery. Long-term contracts remained the primary trading mechanism, while spot market participation stayed relatively subdued, leaving the Saudi market balanced. December prices increased by 4.21%.

United Arab Emirates

In Q4 2025, the United Arab Emirates Propane market posted an 8.63% quarterly decline despite improved seasonal demand. Prices ranged between USD 507 and USD 584/MT during the quarter. Efficient export terminals and dependable shipping schedules supported uninterrupted cargo movements throughout the period. Asian buyers gradually increased procurement ahead of winter consumption, improving contractual liftings. Nevertheless, abundant Middle Eastern supply and strong competition among regional exporters prevented significant price gains. Healthy production levels and reliable logistics maintained consistent export availability, leaving the UAE market adequately supplied. December prices increased by 3.81%.

United States

In Q4 2025, the United States Propane market recorded an 8.70% quarterly decline despite firmer prices late in the quarter. Prices ranged between USD 332 and USD 380/MT during the period. Strong shale-derived NGL production and elevated inventories maintained ample domestic supply. Seasonal heating demand increased inventory withdrawals, while Gulf Coast export terminals continued operating at high utilization rates. Overseas shipments remained steady, but abundant production continued to outweigh demand growth. Overall, comfortable storage levels and robust supply fundamentals kept the US Propane market structurally oversupplied. December prices increased by 7.39%.

Kuwait

In Q4 2025, Kuwait’s Propane market registered a 4.48% quarterly decline despite improving winter demand. Prices ranged between USD 495 and USD 570/MT during the quarter. Reliable production and efficient export scheduling ensured uninterrupted cargo availability for Asian buyers throughout the period. Seasonal inventory replenishment supported stronger contractual nominations toward year-end. However, abundant Gulf supply prevented significant market tightening despite higher procurement activity. Efficient terminal operations and stable logistics sustained regular exports, allowing Kuwait to maintain comfortable supply conditions and balanced market fundamentals. December prices increased by 4.31%.

India

In Q4 2025, India’s Propane market recorded a 5.51% quarterly decline despite stronger winter consumption. Prices ranged between INR 47,600 and INR 54,400/MT during the quarter. Residential LPG demand strengthened seasonally, while petrochemical consumption remained stable. Importers maintained diversified sourcing from Middle Eastern suppliers and ensured healthy inventories at receiving terminals. Adequate cargo availability and efficient port operations supported uninterrupted imports throughout the quarter. Although year-end procurement improved, sufficient stock levels and lower international prices kept the Indian Propane market adequately supplied. December prices increased by 3.90%.

China

In Q4 2025, China’s Propane market posted a 5.21% quarterly decline despite stronger downstream demand. Prices ranged between USD 570 and USD 653/MT during the quarter. Propane dehydrogenation operators increased operating rates ahead of the Lunar New Year, supporting feedstock procurement. Import arrivals remained steady, and efficient port operations ensured uninterrupted cargo handling. However, abundant regional supply and comfortable inventories continued to limit sustained price recovery. Overall, balanced supply-demand fundamentals kept the Chinese Propane market adequately supplied throughout the quarter. December prices declined by 5.61%.

Mexico

In Q4 2025, Mexico’s Propane market registered a 6.13% quarterly decline despite stronger winter demand. Prices ranged between USD 497 and USD 545/MT during the quarter. Stable cross-border imports from the United States ensured uninterrupted product availability across the domestic market. Seasonal residential heating demand encouraged distributors to replenish inventories during the latter part of the quarter. Efficient logistics and reliable pipeline connectivity supported steady supply flows. Overall, comfortable import availability and improved procurement maintained balanced market conditions throughout Q4 2025. December prices increased by 4.50%.

Japan

In Q4 2025, Japan’s Propane market recorded a 0.75% quarterly decline amid stable winter demand. Prices ranged between USD 483 and USD 531/MT during the quarter. Utilities and industrial consumers maintained disciplined procurement supported by diversified import sources. Reliable cargo arrivals and adequate storage inventories ensured uninterrupted supply throughout the peak heating season. Winter energy demand improved purchasing activity toward year-end, although comfortable inventories prevented stronger price gains. Overall, the Japanese Propane market remained balanced with stable supply conditions. December prices increased by 4.64%.

South Korea

In Q4 2025, South Korea’s Propane market registered a 12.72% quarterly decline despite stronger year-end demand. Prices ranged between USD 378 and USD 428/MT during the quarter. Petrochemical producers increased feedstock procurement alongside higher winter energy consumption. Import terminals operated efficiently, ensuring uninterrupted cargo arrivals and comfortable domestic inventories. Buyers strengthened procurement during December to support seasonal requirements, but abundant international supply continued to cap price recovery. Overall, South Korea’s Propane market remained adequately supplied with stable import availability. December prices increased by 5.88%.

Liquified Petroleum Gas (LPG) Price Trend Q1 2024

In Q1 2024, the global Liquefied Petroleum Gas (LPG) market, particularly in major Countries as the USA, UAE, Saudi Arabia, and Qatar, saw a bullish trend. This was driven by rising Propane and Butane prices, as well as increasing demand from sectors like petrochemicals and residential use. In FOB Jebel Ali, Liquefied Petroleum Gas (LPG)prices reflected this upward movement, with Propane prices at USD 660.28/MT, showing a slight increase of 1.53% compared to the previous quarter.

Butane prices also rose to USD 670.85/MT, reflecting a 1.58% increase from the prior period. The Middle East and African markets experienced strong demand for LPG due to regional construction growth and energy consumption needs. 
 
 

In Q1 2024, the Liquefied Petroleum Gas (LPG) market in India witnessed a bullish trend, driven by rising prices of both Propane and Butane, in line with global market movements. The demand from domestic sectors like residential cooking fuel, small-scale industries, and petrochemicals remained strong during the winter season and early festive activities.

CIF Nhava sheva Propane prices stood at $678/MT, showing a 3.20% increase from the previous quarter, while Butane prices rose to $689/MT, marking a 3.30% rise. This upward movement was supported by higher import activity from major exporters like the UAE and Qatar, combined with increased LPG bottling and distribution in preparation for festive season demand across India. 

Liquified Petroleum Gas (LPG) Price Trend Q2 2024

In Q2 2024, however, the market faced a shift. Propane prices in the FOB Jebel Ali declined to USD 626.63/MT, showing a drop of 5.09% from Q1, while butane prices fell to USD 627.47/MT, indicating a 6.48% decline. This decline in Liquefied Petroleum Gas (LPG) prices was largely due to advancements in the production process, improving efficiency and increasing supply, which reduced market pressure. Additionally, the overall demand for LPG saw a drop due to the seasonal slowdown in consumption and technological innovations that reduced dependence on traditional LPG applications. 

In Q2 2024, the Indian Liquefied Petroleum Gas (LPG) market experienced a slight correction in prices, as overall demand moderated with the change in season. CIF Nhava sheva Propane prices dropped to $647/MT, reflecting a 4.57% decline, and Butane prices stabilized at $647/MT, down by 6.10% from Q1. The dip was mainly due to reduced household consumption in post-winter, along with improved efficiency in domestic refineries and higher inventory levels.

Additionally, increased global production and exports, especially from the Middle East, added to the abundant supply scenario, easing pressure on FOB India prices. Exporters were able to meet Indian demand without significant delays, contributing to this price stabilization. 

Liquified Petroleum Gas (LPG) Price Trend Q3 2024

In Q3 2024, the LPG market in the FOB Jebel Ali showed a slight stabilization, with Propane prices at $612.32 USD/MT, reflecting a 2.28% decrease from Q2. Similarly, Butane prices settled at $597.83 USD/MT, marking a 4.72% decrease from Q2. This price dip was primarily driven by reduced global demand and weaker downstream consumption in key importing regions.

Additionally, geopolitical uncertainties and economic slowdowns in some Asian and European markets led to cautious procurement strategies, slightly dampening buying interest. Despite this, the UAE maintained steady production and reliable export operations, preventing any abrupt price drops while ensuring balanced supply. 

In Q3 2024, the Liquefied Petroleum Gas (LPG) market in India remained relatively steady, with a slight decline in pricing amid softening global demand. CIF Nhava sheva Propane was priced at $641/MT, showing a 0.93% decrease from Q2, while Butane was reported at $626/MT, down by 3.25%.

Domestically, the monsoon season slowed down transportation and distribution activities in several regions, causing a temporary dip in demand from rural and semi-urban areas. Meanwhile, some industries switched to alternate fuels, impacting the overall LPG offtake. Despite these challenges, regular imports and a stable export supply chain ensured market balance without any sharp fluctuations. 

Liquified Petroleum Gas (LPG) Price Trend Q4 2024

By Q4 2024, Liquefied Petroleum Gas (LPG) prices of FOB Jebel Ali saw a notable upward shift, with Propane prices rising to $660.72 USD/MT, reflecting a 7.90% increase from Q3, and Butane prices climbing to $657.69 USD/MT, marking a 10.01% increase from Q3. This surge was primarily attributed to increased demand from Asian markets ahead of the winter season, as countries aimed to secure ample heating fuel supplies.

Furthermore, logistical challenges and limited shipping availability contributed to heightened transportation costs, indirectly supporting price growth. The UAE’s strategic export position and efficient production capabilities helped meet the robust demand, maintaining stable market dynamics despite the price hike. 

In Q4 2024, the Indian LPG market saw a notable recovery in prices, largely due to rising demand during the festive season and increased heating fuel requirements in northern regions. CIF Nhava sheva Propane prices surged to $686/MT, up by 7.02%, while Butane climbed to $683/MT, reflecting a 9.11% rise compared to Q3.

This price increase was supported by stockpiling from distributors, seasonal consumption peaks, and tighter global shipping capacity due to year-end trade congestion. India’s consistent import volumes, combined with steady domestic production, allowed the market to meet the high demand while adjusting prices accordingly. 

Technical Specifications of Liquefied Petroleum Gas (lpg) Price Trends

Product Description:

Liquefied Petroleum Gas (LPG) is a versatile and efficient fuel composed primarily of Propane and Butane, which are derived from refining petroleum or processing natural gas. LPG is commonly used for heating, cooking, and powering vehicles due to its clean-burning properties and ease of storage. It’s a cost-effective and environmentally friendly energy source that can be easily transported in liquid form. LPG’s flexibility and widespread availability make it an essential fuel for both residential and industrial applications.

Identifiers and Classification:

CAS No: 74-98- 6(PROPANE), 106-97-8(BUTANE).

HS Code – 27111200 (PROPANE), 27111300 (BUTANE)

Molecular Formula – C3H8 (PROPANE) & C4H10 (BUTANE)

Molecular Weight[g/mol] – 44.097 g/mol (PROPANE), 58.12 g/mol (BUTANE).

Liquefied Petroleum Gas (LPG) Grades Specific Price Assessment:

  • Propane
  • Butane


Liquefied Petroleum Gas (LPG) Global Trade and Shipment Terms:

  • Quotation Terms (Product & Country Specific): 100-120 MT
  • Packaging Type (Product & Country Specific): 35 Kg Bag


Incoterms Referenced in LPG Price Reporting

Shipping Term  Location  Definition 
FOB Hamad  Hamad, Qatar  LPG Export Price from Qatar 
FOB Hamad  Hamad, Qatar  LPG Export Price from Qatar 
FOB Jeddah  Jeddah, Saudi Arabia  LPG Export Price from Saudi Arabia 
FOB Jeddah  Jeddah, Saudi Arabia  LPG Export Price from Saudi Arabia 
FOB Jebel Ali  Jebel Ali, United Arab Emirates  LPG Export Price from UAE 
FOB Jebel Ali  Jebel Ali, United Arab Emirates  LPG Export Price from UAE 
FOB Texas  Texas, USA  LPG Export Price from USA 
FOB Texas  Texas, USA  LPG Export Price from USA 
CIF Nhava Sheva (QATAR)  Nhava Sheva, India  LPG import price in India from Qatar 
CIF Nhava Sheva (QATAR)  Nhava Sheva, India  LPG import price in India from Qatar 
CIF Nhava Sheva (Saudi Arabia)  Nhava Sheva, India  LPG import price in India from Saudi Arabia 
CIF Nhava Sheva (Saudi Arabia)  Nhava Sheva, India  LPG import price in India from Saudi Arabia 
CIF Nhava Sheva (UAE)  Nhava Sheva, India  LPG import price in India from UAE 
CIF Nhava Sheva (UAE)  Nhava Sheva, India  LPG import price in India from UAE 
CIF Shanghai (United Arab Emirates)  Shanghai, China  LPG import price in India from Qatar 
CIF Shanghai (United Arab Emirates)  Shanghai, China  LPG import price in India from Qatar 
CIF Shanghai (QATAR)  Shanghai, China  LPG import price in China from QATAR 
CIF Antwerp (United States of America)  Antwerp, Belgium  LPG import price in Belgium from USA 
CIF Rotterdam (United States of America)  Rotterdam, Netherlands  LPG import price in Netherlands from USA 
CIF Le Havre (United States of America)  Le Havre, France  LPG import price in France from USA 
CIF Manzanillo (United States of America)  Manzanillo, Mexico  LPG import price in Mexico from USA 
CIF Santos (United States of America)  Santos, Brazil  LPG import price in Brazil from USA 

*Quotation Terms refers to the quantity range specified for the LPG being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for LPG packing, ease of handling, transportation, and storage in industrial and commercial applications.

Key Liquified Petroleum Gas (LPG) Manufacturers:

Manufacturers 
Qatar Energy 
Saudi Aramco 
ADNCO, ENOC 
Marathon Petroleum Corp 

Liquefied Petroleum Gas (lpg) Industrial Applications

Liquefied Petroleum Gas (LPG) is primarily used as a fuel source in various applications. It serves as a feedstock for producing important chemicals like propylene, which is essential for making plastics, and butylene, used in synthetic rubber production. Additionally, LPG is utilized in the manufacturing of chemicals such as Butane and Propane for heating and cooking. Beyond its role in industrial processes, LPG is also a popular choice for powering vehicles and heating homes, making it a versatile energy source in everyday life. Its efficiency and clean-burning properties make it an excellent option for both residential and commercial use. 

Historically, several events have caused significant fluctuations in Liquefied Petroleum Gas (lpg) prices

  • COVID-19 pandemic (2021-2019):  the LPG market saw major fluctuations due to the COVID-19 pandemic. In 2020, lockdowns caused a sharp drop in demand, leading to a steep decline in LPG prices. By 2021, as economies recovered and industries resumed, energy demand surged, driving prices upward. Supply chain disruptions added to price volatility and regional shortages. 
  • OPEC Production Cuts (2018): The Organization of the Petroleum Exporting Countries (OPEC) agreed to cut oil production to stabilize prices. As LPG is a byproduct of oil refining and natural gas production, these cuts influenced LPG availability, leading to higher prices due to tighter supply. 
  • Hurricane Harvey Impact (2017): Hurricane Harvey struck the U.S. Gulf Coast, severely affecting oil refineries and natural gas processing plants. As a major producer of LPG, the disruption in U.S. supply chains led to a temporary spike in LPG prices globally. The Gulf Coast region is a hub for LPG exports, and the hurricane caused bottlenecks that caused short-term price increases. 
  • Oil Market Oversupply (2016): Global oil markets experienced a period of oversupply, primarily due to increased production in the U.S. and reluctance among OPEC nations to cut output. This surplus in oil production led to lower prices for oil and its byproducts, including LPG. LPG prices dropped as supply remained high while demand growth was slow, particularly in the early months of 2016. 
  • Global Crude Oil Price Crash (2015): In 2015, global crude oil prices plummeted due to oversupply and weakened demand, primarily caused by the rapid increase in U.S. shale production and OPEC’s decision not to reduce output. Since LPG is closely tied to oil production, the price of LPG also fell sharply. This period marked one of the most significant downturns in LPG prices, with a long-term impact on the global energy market. 

 

These events underscore the LPG market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.

Why Price Watchâ„¢?

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In addition, Price Watch™ provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With Price Watch™, you gain a competitive edge in understanding all the elements that influence liquefied petroleum gas (lpg) prices worldwide. Stay ahead of the curve with Price Watch’s™ reliable, accurate, and timely liquefied petroleum gas (lpg) market data.

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Liquefied Petroleum Gas (lpg) Market Price Trend published by Price Watchâ„¢ reflect prevailing spot market conditions, derived from independent research, verified trade inputs, and proprietary market intelligence as of the publication date. Prices are published on the specified Incoterm and represent indicative base market levels, exclusive of applicable taxes, VAT, duties, tariffs, and other statutory charges. Actual transaction values may vary depending on volume, credit terms, contractual structure, and other negotiated conditions. Market prices are inherently subject to volatility, liquidity dynamics, regulatory changes, and evolving trade activity. The information provided is for reference and benchmarking purposes only and does not constitute an offer, recommendation, or guarantee of transactional outcomes. Users should exercise independent commercial judgment and assess their specific contractual, regulatory, tax, and application requirements before making business decisions. Price Watchâ„¢ assumes no liability for decisions taken based on this information.

The price of LPG is affected by several factors, including crude oil prices, production levels, and seasonal demand fluctuations. Additionally, geopolitical events, weather conditions impacting production, and changes in transportation costs can all influence LPG pricing. It’s essential for procurement heads to keep these factors in mind when assessing market trends.

The balance between supply and demand plays a crucial role in determining LPG prices. When demand rises, such as during cold weather or peak cooking seasons, prices tend to increase. Conversely, if there is an oversupply due to increased production or decreased demand, prices may drop. Monitoring supply and demand trends can help procurement heads make informed purchasing decisions.

LPG prices can vary significantly by region due to differences in production costs, transportation logistics, and local market conditions. For example, regions with abundant natural gas reserves may experience lower prices compared to those reliant on imports. Procurement teams should evaluate regional pricing differences and adjust their sourcing strategies accordingly to optimize costs.

The future price outlook for LPG depends on various factors, including global economic conditions, energy policies, and shifts in fuel consumption patterns. As demand for cleaner fuels grows, LPG may see price increases. Procurement heads should stay informed by following market reports, considering long-term contracts, and diversifying suppliers to mitigate potential risks associated with price volatility.

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