In the first quarter of 2025, the Liquefied Petroleum Gas (LPG) market in the North American region experienced significant price fluctuations, reflecting tight supply conditions, extreme weather events, and changing demand dynamics. A sharp price increase was seen at the beginning of the quarter due to the combined impact of severe winter storms, which heightened demand for heating fuels and led to inventory draws. Propane and butane prices surged, driven by increased consumption, higher crude oil and natural gas prices, and a surge in LPG exports.

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.

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]

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).

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 May 2025 about petroleum, fuels, gas, commodities, PPI, inflation, price index, indexes, price, and USA.

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

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.

Since December 2020, in compliance with government policy, the price has not been adjusted. Therefore, the effective date of the price is December 2, 2020.Purpose of collection: This dataset mainly provides inquiries of various liquefied petroleum gas prices of Taiwan's CPC Corporation (including historical and latest price information) for customers to use for enquiries. The data source is internal company data.Microsoft Tutorial: Adding and Removing Web Servicehttps://msdn.microsoft.com/en-us/library/d9w023sx(vvs.100).aspxMicrosoft Tutorial: Calling Web Servicehttps://msdn.microsoft.com/en-us/library/6h0yh8f9(vvs.100).aspx

Chile Fuel Prices: LPG: Concepcion: Catalytic data was reported at 19,103.000 USD in Apr 2019. This records an increase from the previous number of 18,690.000 USD for Mar 2019. Chile Fuel Prices: LPG: Concepcion: Catalytic data is updated monthly, averaging 16,533.000 USD from Feb 2015 (Median) to Apr 2019, with 51 observations. The data reached an all-time high of 20,180.000 USD in Oct 2018 and a record low of 14,270.000 USD in Jul 2015. Chile Fuel Prices: LPG: Concepcion: Catalytic data remains active status in CEIC and is reported by National Commission of Energy. The data is categorized under Global Database’s Chile – Table CL.P008: Liquified Petroleum Gas Price: by City.

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.

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.

Snapshot img

Liquefied Petroleum Gas (LPG) Market Size 2025-2029

The liquefied petroleum gas (LPG) market size is forecast to increase by USD 55.2 billion, at a CAGR of 3.3% between 2024 and 2029.

The LPG market is witnessing significant shifts, driven by the surge in natural gas supply and the emergence of virtual pipeline technology (VPT). The abundant availability of natural gas has led to a rise in its production and subsequent conversion into LPG, posing a challenge for market players. Simultaneously, the adoption of VPT is gaining momentum, enabling the transportation of LPG through virtual pipelines, thereby reducing the dependence on traditional transportation methods and infrastructure. However, this market faces stiff competition from other sources of energy, particularly natural gas and renewables, which are increasingly becoming cost-competitive and environmentally sustainable.
Companies in the LPG market must navigate these challenges by exploring innovative business models, enhancing operational efficiency, and focusing on sustainability to maintain their market position and capitalize on emerging opportunities.

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

The market continues to evolve, driven by dynamic market conditions and diverse applications across various sectors. LPG distribution networks expand and contract in response to shifting demand, with regulations playing a crucial role in shaping the industry. LPG regulations ensure safety and quality, influencing the design and certification of LPG cylinders, vaporizers, and appliances. LPG market volatility, influenced by supply and demand factors, impacts pricing and influences the use of additives for blending and enhancing LPG properties. LPG emissions, a critical concern for environmental sustainability, are addressed through advancements in LPG combustion technology and emissions control systems.

LPG's versatility extends to industrial, residential, and commercial applications, including heating, refrigeration, fuel injection, and cooking. LPG's energy efficiency and sustainability make it a preferred choice for agriculture and transportation. LPG pipelines and filling stations facilitate the distribution of LPG, ensuring a consistent supply to meet the growing demand. LPG conversion kits enable the transition from traditional fuels to LPG, further expanding its reach. LPG's calorific value and various analytical techniques, such as mass spectrometry and gas chromatography, are used for quality control and assurance. The LPG market's continuous evolution is underpinned by ongoing advancements in technology, regulations, and market dynamics.

The integration of LPG into various industries and applications underscores its importance as a versatile and sustainable energy source.

How is this Liquefied Petroleum Gas (LPG) Industry 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.

Liquefied Petroleum Gas (LPG), consisting primarily of propane and butane, is a versatile energy source with numerous applications. In residential areas, LPG is utilized for water and space heating and cooling. In developing countries, it serves as a substitute for electricity for lighting. For outdoor activities like barbecues and camping in developed nations, LPG is commonly used. LPG is liquefied for bulk storage and transportation due to its high density in this state. Refrigeration is essential for LPG shipment by sea and large-volume storage at receiving terminals. LPG's high-energy content, per ton in a liquid state, surpasses that of traditional fuels and most oil products.

LPG infrastructure includes certification for safety standards, vaporizers, fuel injection systems, and blending facilities. LPG is employed extensively in industrial applications, including refrigeration, heating, water heating, and cooking. LPG's energy efficiency, coupled with its clean-burning properties, makes it an attractive alternative to conv

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.

The SADC liquefied petroleum gas (LPG) market totaled $1.1B in 2024, increasing by 4.9% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2024: its value increased at an average annual rate of +4.5% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +62.6% against 2019 indices.

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

Brazil BR: Consumer Fuel Price: Liquefied Petroleum Gas: Average data was reported at 107.310 BRL/13 kg in Mar 2025. This records an increase from the previous number of 107.240 BRL/13 kg for Feb 2025. Brazil BR: Consumer Fuel Price: Liquefied Petroleum Gas: Average data is updated monthly, averaging 40.820 BRL/13 kg from Jul 2001 (Median) to Mar 2025, with 284 observations. The data reached an all-time high of 113.513 BRL/13 kg in Apr 2022 and a record low of 17.190 BRL/13 kg in Jul 2001. Brazil BR: Consumer Fuel Price: Liquefied Petroleum Gas: Average data remains active status in CEIC and is reported by National Petroleum, Natural Gas and Biofuels Agency. The data is categorized under Global Database’s Brazil – Table BR.PF002: Consumer Fuel Price: Brazil: Monthly. Note:The Survey of Price and Margin Fuels Marketing covers gasoline, hydrated ethanol fuel, diesel oil without additive, compressed natural gas (CNG) and liquefied petroleum gas (LPG) which have been surveyed in 555 locations, about 10% municipalities in Brazil, in accordance with procedures established by the Brazilian National Agency of Petroleum, Natural Gas and Biofuels.The results of the Survey of Price and Margin Fuels Marketing contain selling price to the final consumer and purchasing price from the wholesaler of gasoline, hydrated ethanol fuel, diesel oil without additive, CNG and LPG observed in each municipality which has participated in the survey.

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

Domestic liquefied petroleum gas (cylinder gas) (20KG) prices in various counties and cities are updated on this agency's website to provide the public with information on the dynamic price of liquefied petroleum gas. People can understand the price differences of household bottled liquefied petroleum gas in different areas (including outer islands); due to the openness of price information and the purchasing power of the public, the selling price will tend to rationalize. Provide reference retail price information for household bottled liquefied petroleum gas for consumers and gas companies to refer to.

The Wholesale Price Index of liquefied petroleum gas across India during financial year 2024 was almost 131. The price index value of LPG increased by about 31 percent from the base year of 2012 in India.

Propane fell to 0.76 USD/Gal on June 27, 2025, down 0.03% from the previous day. Over the past month, Propane's price has risen 1.86%, and is up 1.27% 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 July of 2025.