Propane increased 0.10 USD/GAL or 13.33% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Propane - values, historical data, forecasts and news - updated on March of 2025.

The Average Residential Retail Propane Prices dataset provides New York residents and businesses with objective information on average residential retail propane pricing in New York State and by region beginning September 8, 1997. Pricing data is obtained via surveys conducted by New York State Energy Research and Development Authority (NYSERDA) staff on a weekly basis during heating season (September to March) and bi-weekly during the rest of the year. All prices are listed in dollars per gallon.

The Average Home Heating Oil Prices dataset, Average Residential Retail Kerosene Prices dataset, and Average Residential Retail Propane Prices dataset are collectively referred to as the Heating Fuel Prices dataset.

For current and historical residential retail price data, regional comparisons, and fuel type comparisons, please visit the Propane Prices Dashboard: https://www.nyserda.ny.gov/researchers-and-policymakers/energy-prices/propane/average-propane-prices

The New York State Energy Research and Development Authority (NYSERDA) offers objective information and analysis, innovative programs, technical expertise, and support to help New Yorkers increase energy efficiency, save money, use renewable energy, and reduce reliance on fossil fuels. To learn more about NYSERDA’s programs, visit nyserda.ny.gov or follow us on X, Facebook, YouTube, or Instagram.

Graph and download economic data for Propane Prices: Mont Belvieu, Texas from 1992-07-09 to 2025-03-24 about mont belvieu, propane, commodities, and USA.

The retail price of liquefied petroleum gas (LPG) in the Netherlands stood at 75 euro cents on July 1, 2024. This figure represents a slight increase of less than one euro cent in comparison to the previous year. Often referred to as autogas when used as a fuel for motor vehicles, LPG generally has a lower energy density than petrol or fuel oil. Compared to the price of unleaded 95 octane fuel, LPG is significantly cheaper. LPG cars have lower average purchase price In regard to the average purchase price of new passenger cars, LPG-fueled vehicles tend to be the cheapest option for drivers in the Netherlands. Diesel cars are among the most expensive out of all petroleum-fueled vehicles, with prices more than three times those for LPG cars. Netherlands among EU countries with highest fuel prices The Netherlands generally has some of the highest fuel prices in the European Union. In June 2023, the average price for gasoline was above 1.8 euros per liter. This put the Netherlands ahead of neighboring Germany, but below other large car markets Italy and France, which were even more expensive. Fuel prices are primarily determined by crude oil prices and crude availability in addition to subsidies and taxes that may be imposed.

Have timely access to reliable Propane price assessments in United States:

• Propane, spot price, fob, Mont Belvieu

Each assessment includes Propane price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Propane price assessments for United States and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

Sri Lanka Petroleum Price: Local: LP Gas: Shell Gas data was reported at 114.480 LKR/kg in 2017. This records an increase from the previous number of 105.680 LKR/kg for 2016. Sri Lanka Petroleum Price: Local: LP Gas: Shell Gas data is updated yearly, averaging 63.120 LKR/kg from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 191.680 LKR/kg in 2013 and a record low of 16.540 LKR/kg in 1992. Sri Lanka Petroleum Price: Local: LP Gas: Shell Gas data remains active status in CEIC and is reported by Central Bank of Sri Lanka. The data is categorized under Global Database’s Sri Lanka – Table LK.P008: Petroleum Price.

Price for Liquefied Petroleum Gas (LPG) in the United States - 2023. Find the latest marketing data on the IndexBox platform.

In 2021, the average price per metric ton of LPG in Japan amounted to over 80.7 thousand Japanese yen, which represents an unusual spike. Figures peaked in fiscal 2013, reaching over 93 thousand yen, but decreased in subsequent years. LPG is a by-product that emerges when natural gas or crude oil is processed.

Have timely access to reliable Propane price assessments in Russia:

• Propane, export spot price, fob, Russia

Each assessment includes Propane price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Propane price assessments for Russia and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

The global liquefied petroleum gas (LPG) market rose significantly to $199.9B in 2024, with an increase of 6.5% against the previous year. Over the period under review, consumption showed a modest expansion. Over the period under review, the global market hit record highs at $201.9B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

Find in-season and off-season pricing for heating fuels, including heating oil, propane and wood price surveys by DOER. Links to electric and natural gas rates also available here.

According to Cognitive Market Research, the global Propane market size will be USD 8742 million in 2025. It will expand at a compound annual growth rate (CAGR) of 4.20% from 2025 to 2033.

North America held the market share of around 30% of the global revenue with a market size of USD 2447.76 million in 2025 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2025 to 2033.
Europe accounted for a market share of 25% of the global revenue with a market size of USD 2141.79 million.
APAC held a major market share of 36% of the global revenue with a market size of USD 3147.12 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2025 to 2033.
South America has a market share of 4% of the global revenue with a market size of USD 332.20 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2025 to 2033.
Middle East had a market share of 4% of the global revenue and was estimated at a market size of USD 349.68 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2025 to 2033.
Africa had a market share of 3.70% of the global revenue and was estimated at a market size of USD 323.45 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2025 to 2033.
Gas category is the fastest growing Form segment of the Propane industry

Market Dynamics of Propane Market

Key Drivers for Propane Market

Increasing demand for clean energy alternatives to reduce greenhouse gas emissions drives market growth

As environmental concerns over climate change intensify, there is an increasing shift toward clean energy solutions, and propane is seen as an efficient, low-emission alternative to traditional fossil fuels. Propane produces significantly fewer greenhouse gases compared to coal, gasoline, and diesel. As per the International Energy Agency (IEA), the global renewable electricity generation is forecast to climb over 17,000 TWh by the end of the decade, a 90% increase from 2023. Renewables are projected to surpass coal in 2025, and solar PV is expected to become the largest renewable power source globally by 2029, outstripping hydropower. Governments and industries are investing in clean technologies, and propane, being a cleaner-burning fossil fuel, stands out as a suitable option for industries looking to reduce their carbon footprint. This rising demand for cleaner energy fuels the market’s growth by driving investments in propane production, infrastructure, and adoption across various sectors.

https://www.iea.org/energy-system/renewables

Growing use of propane in transportation as a cleaner fuel option

Propane is increasingly being adopted as an alternative fuel in the transportation sector, particularly in fleet operations. It is a cleaner-burning fuel compared to gasoline and diesel, with lower emissions of carbon monoxide, nitrogen oxides, and particulate matter. As per the IEA, in 2021, renewables accounted for 3.9% of total transport energy consumption, with the bulk of this being biofuels (3.5%) and the rest renewable electricity (0.4%) Additionally, propane-powered vehicles benefit from lower fuel costs, making it an attractive option for public transportation, delivery fleets, and other commercial vehicle sectors. The rise of government incentives and environmental policies promoting alternative fuels supports the adoption of propane in transportation, which accelerates its market penetration.

https://www.ren21.net/gsr-2024/modules/energy_demand/03_renewables_in_transport/

Restraint Factor for the Propane Market

Volatility in propane prices due to dependency on oil and natural gas markets hinders market growth

Propane prices are highly influenced by fluctuations in the global oil and natural gas markets, making the market susceptible to price volatility. The interconnectedness with crude oil prices, geopolitical tensions, and natural gas supply disruptions can cause sharp price swings, affecting both consumers and suppliers. This volatility makes propane less predictable as a fuel source for industries and households, potentially limiting its widespread adoption. The uncertainty in pricing could also deter investments in propane infrastructure and technology, slowing overall market growth.

Market Trends in Propane Market

Increasing adoption of propane-powered vehicles for fleet operations

Propane-powered vehicles are becoming more ...

Have timely access to reliable Propane price assessments in Germany:

• Propane, import spot price, cif, Germany

Each assessment includes Propane price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Propane price assessments for Germany and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

United States Retail Sales Nowcast: sa: YoY: Contribution: Energy Prices: Propane Gas: Spot Price: Mont Belvieu data was reported at 1.179 % in 10 Mar 2025. This stayed constant from the previous number of 1.179 % for 03 Mar 2025. United States Retail Sales Nowcast: sa: YoY: Contribution: Energy Prices: Propane Gas: Spot Price: Mont Belvieu data is updated weekly, averaging 0.122 % from Feb 2020 (Median) to 10 Mar 2025, with 265 observations. The data reached an all-time high of 9.898 % in 12 Feb 2024 and a record low of 0.000 % in 16 Dec 2024. United States Retail Sales Nowcast: sa: YoY: Contribution: Energy Prices: Propane Gas: Spot Price: Mont Belvieu data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Retail Sales.

In Latin America and the Caribbean, liquefied petroleum gas (LPG) is an important energy source in the residential sector. This fuel is frequently used in by households for cooking and heating. Nevertheless, prices vary significantly across countries. In 2020, households in Chile paid an average of 1.53 U.S. dollars per kilogram. In contrast, the average residential LPG price in Ecuador stood at around 0.1 dollars per kilogram.

Nepal Wholesale Price: LPG: Birgunj data was reported at 85,309.540 NPR/kl in 2014. This records an increase from the previous number of 82,935.040 NPR/kl for 2012. Nepal Wholesale Price: LPG: Birgunj data is updated yearly, averaging 71,315.050 NPR/kl from Jul 2007 (Median) to 2014, with 7 observations. The data reached an all-time high of 85,309.540 NPR/kl in 2014 and a record low of 49,389.770 NPR/kl in 2007. Nepal Wholesale Price: LPG: Birgunj data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Nepal – Table NP.P001: Wholesale Prices: Petroleum Products .

In 2024, the annual average price of liquefied petroleum gas (LPG) in Thailand amounted to around 23.3 Thai baht per liter, which was a slight increase compared to the previous year. The average price of LPG in the country has fluctuated over the observed period.

In 2024, the Canadian liquefied petroleum gas (LPG) market decreased by -18.7% to $829M, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a pronounced reduction. Liquefied petroleum gas (LPG) consumption peaked at $1.3B in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.

The global fuel energy price index stood at 188.62 index points in January 2025, up from 100 in the base year 2016. Figures increased that month due to a rise in crude oil prices as a result of new sanctions on Russian oil and greater heating fuel demand. The fuel energy index includes prices for crude oil, natural gas, coal, and propane. Supply constraints across multiple commodities The global natural gas price index surged nearly 11-fold, and the global coal price index rose almost seven-fold from summer 2020 to summer 2022. This notable escalation was largely attributed to the Russia-Ukraine war, exerting increased pressure on the global supply chain. Global ramifications of the Russia-Ukraine war The invasion of Ukraine by Russia played a role in the surge of global inflation rates. Notably, Argentina bore the brunt, experiencing a hyperinflation rate of 92 percent in 2022. The war also exerted a significant impact on global gross domestic product (GDP) growth. Saudi Arabia emerged with a notable increase of nearly three percent, as several Western nations shifted their exports from Russia to Middle Eastern countries due to the sanctions imposed on the former.

Have timely access to reliable Propane price assessments in Mexico:

• Propane, import spot price, cif, Mexico

Each assessment includes Propane price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Propane price assessments for Mexico and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.