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).

Propane rose to 0.70 USD/Gal on December 1, 2025, up 2.86% from the previous day. Over the past month, Propane's price has risen 6.57%, but it is still 13.17% lower than a year ago, 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 December of 2025.

In Q3 2025, North America, the Liquefied Petroleum Gas Price Index fell 13.45% quarter-over-quarter due to oversupply. Check detailed insights for Europe and APAC.

Graph and download economic data for Producer Price Index by Commodity: Fuels and Related Products and Power: Natural Gas Liquids (WPU0532) from Jan 1971 to Aug 2025 about petroleum, fuels, gas, commodities, PPI, inflation, price index, indexes, price, and USA.

The global fuel energy price index stood at 157.89 index points in September 2025, up from 100 in the base year 2016. Figures decreased that month due to a fall in natural gas prices. 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. Tariffs bring economic uncertainty With the global economy having adjusted to the effects of the Russia-Ukraine war, new uncertainty has emerged due to tariffs imposed by the Trump administration. If these tariffs are fully implemented, global trade could be significantly disrupted, mainly the bilateral trade between the world’s two largest economies. In 2025, import tariffs between China and the United States exceeded 130 percent on both sides, while their tariffs on imports from the rest of the world were around 10 percent. U.S. tariffs on Chinese imported goods reached a high of 134.7 percent in April of that year, while China imposed a 147.6 percent tariff on U.S. goods. Early estimates indicate that the impact of Trump’s proposed tariffs on the U.S. economy could amount to 0.4 percent of GDP, mainly driven by the reduced trade with Mexico, Canada and China.

Natural gas rose to 4.94 USD/MMBtu on December 3, 2025, up 2.04% from the previous day. Over the past month, Natural gas's price has risen 13.71%, and is up 62.29% 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 December of 2025.

TTF Gas fell to 27.92 EUR/MWh on December 3, 2025, down 0.17% from the previous day. Over the past month, TTF Gas's price has fallen 14.22%, and is down 40.94% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas - values, historical data, forecasts and news - updated on December of 2025.

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

The Wholesale Price Index of liquefied petroleum gas across India during financial year 2024 was almost ***. The price index value of LPG increased by about ** percent from the base year of 2012 in India.

View weekly updates and historical trends for US Residential Propane Price. from United States. Source: Energy Information Administration. Track economic …

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.

In Q3 2025, North America, the Natural Gas Price Index fell by 11.9% quarter-over-quarter, reflecting abundant supply pressure. Check detailed insights for Europe, MEA and APAC.

Discover the significance of the Liquefied Petroleum Gas (LPG) price index as it tracks fluctuations in LPG prices, aiding businesses, consumers, and policymakers in making informed decisions on procurement, budget management, and strategic planning. Understand how global trade, market dynamics, and geopolitical factors influence the LPG market.

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

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.

Indonesia Retail Price: Fuel: LPG: 12 KG data was reported at 11,583.000 IDR/kg in Jul 2019. This stayed constant from the previous number of 11,583.000 IDR/kg for Jun 2019. Indonesia Retail Price: Fuel: LPG: 12 KG data is updated monthly, averaging 5,850.000 IDR/kg from Jan 2005 (Median) to Jul 2019, with 175 observations. The data reached an all-time high of 11,750.000 IDR/kg in Dec 2018 and a record low of 4,250.000 IDR/kg in Jun 2008. Indonesia Retail Price: Fuel: LPG: 12 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.

United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Liquefied Petroleum Gas was 128.58900 Index 1982=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Liquefied Petroleum Gas reached a record high of 539.50000 in July of 2008 and a record low of 14.50000 in April of 1971. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Liquefied Petroleum Gas - last updated from the United States Federal Reserve on November of 2025.

Peru Fuel Price Index: Vehicular LPG data was reported at 75.341 2010=100 in Jul 2019. This records a decrease from the previous number of 78.171 2010=100 for Jun 2019. Peru Fuel Price Index: Vehicular LPG data is updated monthly, averaging 94.146 2010=100 from Jan 2010 (Median) to Jul 2019, with 115 observations. The data reached an all-time high of 118.780 2010=100 in Feb 2014 and a record low of 75.341 2010=100 in Jul 2019. Peru Fuel Price Index: Vehicular LPG data remains active status in CEIC and is reported by Central Reserve Bank of Peru. The data is categorized under Global Database’s Peru – Table PE.I018: Fuel Price Index.

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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?

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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.

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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

Macau List Price: Liquefied Petroleum Gas: Centralized data was reported at 40.660 MOP/Cub m in Jun 2018. This records a decrease from the previous number of 41.810 MOP/Cub m for Mar 2018. Macau List Price: Liquefied Petroleum Gas: Centralized data is updated quarterly, averaging 35.470 MOP/Cub m from Mar 2002 (Median) to Jun 2018, with 66 observations. The data reached an all-time high of 44.680 MOP/Cub m in Mar 2014 and a record low of 21.600 MOP/Cub m in Mar 2003. Macau List Price: Liquefied Petroleum Gas: Centralized data remains active status in CEIC and is reported by Statistics and Census Service. The data is categorized under Global Database’s Macau – Table MO.P006: Energy List Price.