Why did the Liquified Petroleum Gas Price Change in July 2025? Liquefied Petroleum Gas (LPG) Price Index in China declined during Q2 2025, with Propane CFR Shanghai settling at USD 665/MT and Butane CFR Shanghai at USD 630/MT by early June.

Get the latest insights on price movement and trend analysis of Liquefied Petroleum Gas (LPG) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

In 2024, the annual average price of liquefied petroleum gas (LPG) in Thailand amounted to around **** 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.

Saudi Arabia Fuel Prices: Retail: LPG data was reported at 1.040 SAR/l in Apr 2025. This stayed constant from the previous number of 1.040 SAR/l for Mar 2025. Saudi Arabia Fuel Prices: Retail: LPG data is updated monthly, averaging 0.900 SAR/l from Jul 2020 (Median) to Apr 2025, with 58 observations. The data reached an all-time high of 1.040 SAR/l in Apr 2025 and a record low of 0.750 SAR/l in May 2022. Saudi Arabia Fuel Prices: Retail: LPG data remains active status in CEIC and is reported by Saudi Arabian Oil Company. The data is categorized under Global Database’s Saudi Arabia – Table SA.P016: Fuel Prices. [COVID-19-IMPACT]

The global liquefied petroleum gas (LPG) market surged to $193B in 2024, with an increase of 16% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Global consumption peaked at $194.3B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

View monthly updates and historical trends for North American LPG Propane Spot Price. Source: International Monetary Fund. Track economic data with YChart…

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

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 **** U.S. dollars per kilogram. In contrast, the average residential LPG price in Ecuador stood at around *** dollars per kilogram.

Indonesia Retail Price: Fuel: LPG: 50 KG data was reported at 10,830.000 IDR/kg in Jul 2019. This records a decrease from the previous number of 12,520.000 IDR/kg for Jun 2019. Indonesia Retail Price: Fuel: LPG: 50 KG data is updated monthly, averaging 8,355.000 IDR/kg from Jan 2005 (Median) to Jul 2019, with 175 observations. The data reached an all-time high of 16,070.000 IDR/kg in May 2014 and a record low of 4,250.000 IDR/kg in Dec 2006. Indonesia Retail Price: Fuel: LPG: 50 KG data remains active status in CEIC and is reported by Pertamina. The data is categorized under Global Database’s Indonesia – Table ID.PC001: Retail Price: By Major Commodities. Competitive price of oil & gas stations in Jakarta only Harga kompetitif stasiun pengisian bahan bakar umum (SPBU) di Jakarta.

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

Pakistan Average Retail Price: LPG: 11.67 Kg Cylinder data was reported at 3,319.900 PKR in Apr 2025. This records an increase from the previous number of 3,285.250 PKR for Mar 2025. Pakistan Average Retail Price: LPG: 11.67 Kg Cylinder data is updated monthly, averaging 2,972.735 PKR from Jan 2020 (Median) to Apr 2025, with 44 observations. The data reached an all-time high of 3,490.560 PKR in Feb 2023 and a record low of 1,218.400 PKR in Jun 2020. Pakistan Average Retail Price: LPG: 11.67 Kg Cylinder data remains active status in CEIC and is reported by Pakistan Bureau of Statistics. The data is categorized under Global Database’s Pakistan – Table PK.P: Average Retail Price: 2015-16 Price.

In 2022, a liter of liquified petroleum gas (LPG) in Ghana cost, on average, 1109.5 Ghanaian pesewas, approximately 0.93 U.S dollars. This increased from roughly 687 Ghanaian pesewas per liter (around 0.58 U.S. dollars) in the preceding year. From 2015 to 2022, LPG prices in Ghana increased steadily.

Propane fell to 0.68 USD/Gal on October 7, 2025, down 0.42% from the previous day. Over the past month, Propane's price has fallen 3.17%, and is down 13.05% compared to the same time last year, 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 October of 2025.

Snapshot img

Liquefied Petroleum Gas (LPG) Market Size 2025-2029

The liquefied petroleum gas (LPG) market size is valued to increase by USD 55.2 billion, at a CAGR of 3.3% from 2024 to 2029. An increase in the supply of natural gas will drive the liquefied petroleum gas (LPG) market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 58% growth during the forecast period.
By End-user - Residential segment was valued at USD 106.40 billion in 2023
By Source - Natural gas liquid segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 29.69 billion
Market Future Opportunities: USD 55.20 billion
CAGR from 2024 to 2029: 3.3%

Market Summary

The market is a dynamic and ever-evolving sector, driven by the continuous rise in supply of natural gas and the increasing adoption of core technologies such as virtual pipeline technology (VPT). LPG, a versatile and clean-burning fuel, is increasingly gaining popularity as a viable alternative to traditional fossil fuels. However, the market faces challenges from the competition of LPG from other sources of energy, including natural gas and renewable energy. According to recent reports, the global LPG market share held by VPT is projected to reach 20% by 2026, reflecting the growing trend towards more efficient and cost-effective energy solutions.
The market's evolution is further influenced by regulatory frameworks, with stricter emissions norms driving the demand for cleaner fuels. These trends and challenges present significant opportunities for market participants, making the LPG sector an exciting space to watch.

What will be the Size of the Liquefied Petroleum Gas (LPG) Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Liquefied Petroleum Gas (LPG) Market Segmented ?

The liquefied petroleum gas (LPG) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Residential
  Petrochemical
  Industrial and commercial
  Transport
  Others


Source

  Natural gas liquid
  Crude oil


Distribution Channel

  Cylinder Distribution
  Bulk
  On-site storage


Geography

  North America

    US
    Canada


  Europe

    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By End-user Insights

The residential segment is estimated to witness significant growth during the forecast period.

LPG, or Liquefied Petroleum Gas, is a versatile energy source that plays a significant role in various industries and applications. Approximately 25% of the global LPG consumption is attributed to commercial cooking equipment, highlighting its importance in the foodservice sector. Moreover, leak detection systems, pressure relief valves, and other safety components account for a substantial portion of the market, underlining the industry's commitment to ensuring safety and reliability. LPG is transported using multiple modes, including cylindrical tanks, pipelines, and tanker trucks. Cylindrical tank design is widely adopted due to its cost-effectiveness and ease of use, while spherical tank design offers advantages in terms of safety and efficiency.

In the realm of odorization techniques, vapor pressure measurement, and industrial heating systems, LPG's applications continue to expand. Regulations governing LPG safety and emission monitoring are stringent, with liquid level sensors and refrigeration applications playing crucial roles in ensuring compliance. LPG's compatibility with various materials, thermal efficiency, and high calorific value make it an attractive alternative to traditional fuels. Propane autogas fueling, pipeline integrity management, and automotive fuel systems are among the growing applications for LPG. Pressure regulators, flammability limits, and LPG pipeline infrastructure are essential components of the LPG market. Auto ignition temperature and boiling point are critical factors influencing the combustion efficiency and overall performance of LPG.

Request Free Sample

The Residential segment was valued at USD 106.40 billion in 2019 and showed a gradual increase during the forecast period.

Butane-propane mixtures and gas blending processes are essential for optimizing the energy density comparison between LPG and other fuel sources. LPG cylinder valves, calorific value, and flow control devices are essential components of the LPG market. Residential heating systems, energy density comparison, and specific gravity are key factors driving the demand for LPG in the residential sector. The LPG storage tank market is expected to grow by 15% in t

In the fourth quarter of 2024, the Saudi CP made up the largest component of average retail LPG prices in Australia, accounting for a ** percent share. Some of Australia's LPG fuel demand must be imported from international markets as its local refining capacity cannot produce all of the country's fuel needs.

Dataset

This dataset was created by fahadtariq

Released under Apache 2.0

Contents

Natural gas rose to 3.41 USD/MMBtu on October 7, 2025, up 1.65% from the previous day. Over the past month, Natural gas's price has risen 10.44%, and is up 24.86% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on October of 2025.

In 2024, the Ghanian liquefied petroleum gas (LPG) market decreased by -60.7% to $26M, falling for the second consecutive year after three years of growth. In general, consumption saw a deep slump. Over the period under review, the market attained the maximum level at $75M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

Graph and download economic data for Producer Price Index by Commodity: Fuels and Related Products and Power: Natural Gas Liquids (WPU053201) from Jul 1991 to Aug 2025 about petroleum, fuels, gas, commodities, PPI, inflation, price index, indexes, price, and USA.

In 2024, the Iranian liquefied petroleum gas (LPG) market decreased by -1.2% to $1.1B, falling for the second consecutive year after two years of growth. In general, consumption recorded a pronounced decrease. Over the period under review, the market attained the peak level at $1.7B in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.