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 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.

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.

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 Dataset contains the price of LPG cylinders (Non-Subsidised Domestic and Commercial) across the four Metro Cities in India.

Explore the factors influencing Liquefied Petroleum Gas (LPG) prices, including crude oil costs, supply and demand dynamics, and geopolitical events. Discover recent trends and the impact of global events, like the COVID-19 pandemic, on LPG pricing.

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.

The retail price of liquefied petroleum gas (LPG) in the Netherlands stood at ** 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 ***** 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 *** 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]

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

Pricing adjustment mechanism for auto-LPG at dedicated LPG filling stations

Brazil BR: Weighted Average Price: LPG data was reported at 2.710 BRL/kg in 2023. This records a decrease from the previous number of 4.028 BRL/kg for 2022. Brazil BR: Weighted Average Price: LPG data is updated yearly, averaging 1.171 BRL/kg from Dec 2002 (Median) to 2023, with 22 observations. The data reached an all-time high of 4.028 BRL/kg in 2022 and a record low of 0.764 BRL/kg in 2002. Brazil BR: Weighted Average Price: LPG 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.PE010: Weighted Average Price: LPG.

The Singaporean liquefied petroleum gas (LPG) market reached $672M in 2024, standing approx. at the previous year. In general, consumption recorded buoyant growth. Over the period under review, the market reached the peak level at $814M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

Propane rose to 0.74 USD/Gal on July 11, 2025, up 0.54% from the previous day. Over the past month, Propane's price has fallen 2.75%, and is down 8.50% 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.

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

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.

Zambia Fuel: Wholesale Price: LPG data was reported at 2.270 ZMW/kg in Aug 2017. This records a decrease from the previous number of 2.410 ZMW/kg for Jul 2017. Zambia Fuel: Wholesale Price: LPG data is updated monthly, averaging 2.260 ZMW/kg from Jan 2010 (Median) to Aug 2017, with 92 observations. The data reached an all-time high of 3.300 ZMW/kg in Oct 2014 and a record low of 1.799 ZMW/kg in Apr 2010. Zambia Fuel: Wholesale Price: LPG data remains active status in CEIC and is reported by Energy Regulation Board. The data is categorized under Global Database’s Zambia – Table ZM.P003: Fuel: Retail and Wholesale Price.

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.

Japan Oil Import Price: LPG data was reported at 69,698.139 JPY/Ton in Sep 2018. This records an increase from the previous number of 67,418.201 JPY/Ton for Aug 2018. Japan Oil Import Price: LPG data is updated monthly, averaging 51,782.305 JPY/Ton from Mar 1997 (Median) to Sep 2018, with 259 observations. The data reached an all-time high of 114,356.717 JPY/Ton in Jan 2014 and a record low of 19,074.033 JPY/Ton in Sep 1998. Japan Oil Import Price: LPG data remains active status in CEIC and is reported by Petroleum Association of Japan. The data is categorized under Global Database’s Japan – Table JP.P012: Oil Import Price.