The global fuel energy price index stood at 153.15 index points in May 2025, up from 100 in the base year 2016. Figures decreased that month due to lower heating fuel demand and a fall in crude oil 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. 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.

The average price for regular gasoline in the United States stood at **** U.S. dollars per gallon on June 23, 2025. This compared to a diesel price of **** U.S. dollars per gallon. Prices for gasoline and diesel increased that week following a rise in crude oil prices and greater motor fuel demand. Real price surge of 2022 and 2023 still below 2011 to 2014 prices When looking at the real price of gasoline over time, U.S. drivers had to pay notably more in the years between 2011 and 2014. The surge in prices noted throughout 2022 and partly for 2023, which followed supply constraints, was still lower in terms of real U.S. dollars. U.S. on the lower-end spectrum of worldwide motor fuel prices The U.S. has some of the lowest conventional motor fuel prices in the world. Although fuel prices are usually higher in high-income countries, the U.S. profits from its position as the world’s largest crude oil producer and can keep retail prices for oil products comparatively low. For example, among high-income countries, prices for automotive premium gasoline (RON 95) were only lower in Russia and Saudi Arabia - countries where crude oil and oil product exports are in part restricted by sanctions, thus keeping domestic supply high.

U.S. gasoline prices increased across all major grades in March 2025. Regular gasoline prices rose to an average of 3.17 U.S. dollars per gallon. In the period of consideration, gasoline prices reached their highest level in June 2022. Differences in fuel grades Fuel grades at U.S. gas stations are differentiated by octane level. Higher grade fuels have higher octane levels, meaning that the fuel can be compressed more in the engine. This enables high-performance engines to create more power. Fuel may also vary from state to state and pump to pump. Some cities also have regulations on gasoline in order to improve air quality. Bioethanol is added to gasoline in some cases to meet the renewable fuel standard. Gasoline-run engines are able to run on blends with a bioethanol percentage of up to 25 percent. Gasoline prices reach historic high Primarily a result of the Russia-Ukraine war and inflation, the annual retail price of gasoline reached a new historic high in 2022, climbing to nearly four U.S. dollars per gallon. By 2023, annual prices had decreased again slightly, reaching 2013 levels.

In May 2025, one gallon of diesel cost an average of 3.5 U.S. dollars in the United States. That was a decrease compared to the month prior, and also lower than prices in May 2024. Impact of crude prices on motor fuel consumer prices Diesel prices are primarily determined by the cost of crude oil. In fact, crude oil regularly accounts for around 50 percent of end consumer prices of diesel. As such, supply restrictions or weak demand outlooks influence prices at the pump. The fall in diesel prices noted in the latter half of 2024 is a reflection of lower crude prices. Diesel and gasoline price development The usage of distillate fuel oil began in the 1930s, but until further development in the 1960s, diesel vehicles were mostly applied to commercial use only. In the U.S., diesel-powered cars remain a fairly small portion of the automobile market and diesel consumption is far lower than gasoline consumption. In general, gasoline also tends to be more widely available than diesel fuel and usually sells for a lower retail price. However, diesel engines have better fuel economy than gasoline engines, and, as such, tend to be used for large commercial vehicles.

Monthly average retail prices for gasoline and fuel oil for Canada, selected provincial cities, Whitehorse and Yellowknife. Prices are presented for the current month and previous four months. Includes fuel type and the price in cents per litre.

Fuel prices, already high due to a recovering post-pandemic economy, surged even higher after Russia's invasion of Ukraine on February 2022. As of May of that same year, UCOME (used cooking oil methyl ester) average wholesale prices were higher than any other fuel, standing at 2,607 U.S. dollars per metric ton of oil equivalent. This represented an increase of over 124 percent when compared to 2018/2019 average prices. However, the largest price increase was reported for TME (tallow methyl ester). As of May 2022, TME's average wholesale price amounted to 1,112 U.S. dollars per metric ton of oil equivalent, up by more than 133 percent in comparison to 2018/2019.

On June 2, 2025, the price of ultra-low sulfur unleaded petrol (gasoline) in the United Kingdom averaged 131.45 pence per liter. This compared to 138.09 pence per liter for diesel. Diesel prices were consistently higher than petrol/gasoline prices throughout this period, although the margin varied. Reasons for such differences in pricing lie in the refining process and molecular makeup of the products, with diesel requiring more complex refining processes and being an overall heavier liquid. As motor fuel pricing in the UK is not regulated by a monitoring body, there may also be notable differences in prices between retailers and regions. Supermarkets provide lowest fuel prices in the UK In the UK, much of the motor fuel is sold through supermarkets. Large supermarkets, or hypermarkets, account for more than 40 percent of all motor fuel sales in the country. The reason for their popularity often lies in the fact that they offer lower average prices. In the last four years, regular petrol/gasoline sold at supermarkets was up to six pence per liter cheaper than the national average. How UK fuel prices compare to the rest of the world Tied as they are to crude oil prices, motor fuels are generally cheapest in major producing countries, such as Iran, Venezuela, and Russia. In Europe, costs of importing the raw or finished products, in addition to taxes and levies, may hike up pump prices significantly. The UK is often among the countries with the highest petrol/gasoline prices, alongside other large European car markets such as France and Germany.

Petroleum and natural gas are used in a variety of industries for a wide range of purposes. In Germany, these fossil fuels have been extracted since the beginning of the 20th century and make a small contribution to guaranteeing Germany's energy supply. According to the BVEG, there are around 23.7 million tonnes of crude oil reserves and 36 billion cubic metres of natural gas reserves in Germany as of 2022. The industry's turnover and profit development is closely linked to the development of world market prices for crude oil and natural gas. OPEC+ plays an important role in setting oil prices. By setting production quotas, OPEC+ can adjust supply to demand and thus stabilise or increase prices. Following the price slump in 2020 due to the COVID-19 pandemic, the price of oil and gas began to rise again in 2021. The recovery of the global economy and rising demand for energy drove prices up. Limited production capacities and supply bottlenecks further exacerbated this trend. The Russian invasion of Ukraine in February 2022 led to a further price increase. Economic sanctions and import embargoes against Russia, an important exporter of natural gas, caused prices to rise further. Energy prices have fallen again since 2023, but remain at a high level. Oil and gas prices will also remain volatile in 2025, influenced by geopolitical tensions, economic uncertainties and OPEC+ decisions.Since 2020, turnover in the sector has risen by an average of 8.2% per year. This is primarily due to price increases in 2021 and 2022. However, the recent lower international prices for crude oil and natural gas as well as steadily declining production volumes have led to a negative development in the industry since 2023. Fears of a global recession and the actual slowdown in economic growth in some regions have dampened demand for oil and natural gas while global production volumes remain high. For 2025, IBISWorld expects sales to fall by 0.7% compared to the previous year to 2.9 billion euros.In the long term, the industry will not be able to recover, even though natural gas in particular is likely to continue to play an important role in energy and heat generation in Germany. The declining reserves of raw materials in Germany are further reducing the companies' production output. The domestic production volume of natural gas was 169,428 terajoules in 2022, compared to 378,425 terajoules in 2012. As a result, companies in the sector are increasingly starting to reorient themselves internationally and outside the renewable energy sector. Turnover is expected to fall by 1.2% per year and reach 2.7 billion euros in 2030.

Philippines Retail Price: Petroleum: NCR: Common Price: Average: Diesel data was reported at 56.389 PHP/l in Mar 2025. This records a decrease from the previous number of 58.255 PHP/l for Feb 2025. Philippines Retail Price: Petroleum: NCR: Common Price: Average: Diesel data is updated monthly, averaging 28.870 PHP/l from Jan 1990 (Median) to Mar 2025, with 423 observations. The data reached an all-time high of 83.739 PHP/l in Jun 2022 and a record low of 4.960 PHP/l in Sep 1990. Philippines Retail Price: Petroleum: NCR: Common Price: Average: Diesel data remains active status in CEIC and is reported by Department of Energy. The data is categorized under Global Database’s Philippines – Table PH.P012: Retail Price: Petroleum.

During the week ending May 30, 2025, the price of automotive fuels in France did not record any change. The price of diesel was at approximately **** euros per liter, including all taxes. The inflation in 2022 relates to increasing uncertainty over motor fuel supplies after Russia invaded Ukraine on February 24, 2022.

The U.S. auto industry sold nearly three million cars in 2024. That year, total car and light truck sales were approximately 15.9 million in the United States. U.S. vehicle sales peaked in 2016 at roughly 17.5 million units. Pandemic impact The COVID-19 pandemic deeply impacted the U.S. automotive market, accelerating the global automotive semiconductor shortage and leading to a drop in demand during the first months of 2020. However, as demand rebounded, new vehicle supply could not keep up with the market. U.S. inventory-to-sales ratio dropped to its lowest point in February 2022, as Russia's war on Ukraine lead to gasoline price hikes. During that same period, inflation also impacted new and used car prices, pricing many U.S. consumers out of a market with increasingly lower car stocks. Focus on fuel economy The U.S. auto industry had one of its worst years in 1982 when customers were beginning to feel the effects of the 1973 oil crisis and the energy crisis of 1979. Since light trucks would often be considered less fuel-efficient, cars accounted for about 77 percent of light vehicle sales back then. Thanks to improved fuel economy for light trucks and cheaper gas prices, this picture had completely changed in 2020. That year, prices for Brent oil dropped to just over 40 U.S. dollars per barrel. The decline occurred in tandem with lower gasoline prices, which came to about 2.17 U.S. dollars per gallon in 2020 - and cars only accounted for less than one-fourth of light vehicle sales that year. Four years on, prices are dropping again, after being the highest on record since 1990 in 2022.

The size of the Saudi Arabia Refined Petroleum Products Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.00% during the forecast period. The refined products market remains an important part of Saudi Arabia's strong oil industry, one of the largest in the world. Being one of the largest producers and exporters of crude oil, Saudi Arabia has long held a strong refining capacity mainly in the hands of its state-owned oil giant, Saudi Aramco. The market involves fuels such as gasoline, diesel, jet fuel, as well as petrochemicals, which are both sold domestically and internationally. Traditionally, the domestic market has enjoyed subsidies that place fuel prices at very high consumption levels. However, current economic reforms aimed at reducing subsidies coupled with the diversification of the economy under Vision 2030 change consumption patterns. This calls for more efficient use of energy and alternative fuels to get consumptions kick-started. Additionally, the government in Saudi Arabia is investing money to expand refining capacity, and to upgrade its existing refining facilities to produce higher-value products, as well as to meet tighter environmental standards. The thrust for petrochemical production is also aligned with the global trend as the country seeks to make optimum use of its hydrocarbon resources for economic diversification. With global refinement of petroleum products especially in perspective with the pursuit of sustainability and lower carbon emissions, the facing dynamics in the refined petroleum products market in Saudi Arabia would change significantly. What would arise is an equal balance between the traditional strengths and the need for innovation and diversification. Recent developments include: June 2022: Saudi Aramco announced plans to review domestic prices of liquid petroleum gas (gas cylinders) and kerosene annually. The local prices are evaluated per the governance procedures for adjusting the prices of energy and water products., February 2022: Saudi Arabia's shipments of refined products increased by 32% in 2021, compared with the previous year, as the country exported more diesel and fuel oil. Diesel and fuel oil were the main products that drove exports higher, with 1.34 million daily barrels being shipped., October 2021: Saudi Arabia consumed more gasoline and less diesel in the first eight months of 2021 than last year. The average demand for motor and aviation gasoline in Saudi Arabia jumped to 470 thousand barrels per day (kbd) in August 2021, compared to 432 kbd for the previous year.. Key drivers for this market are: 4., Increasing Automotive Sales in Saudi Arabia4.; Rising Demand from Heavy Automotives. Potential restraints include: 4., Rising Emphasis on Electric Vehicles. Notable trends are: Increasing Refined Petroleum Products Consumption to Drive the Market.

The Saudi Arabia refined petroleum products market is experiencing robust growth, driven by a burgeoning automotive sector, increasing industrialization, and a rising population. The market's substantial size, exceeding [Estimate a market size in millions based on industry knowledge, considering the CAGR and provided value unit], demonstrates its significant contribution to the Saudi Arabian economy. A compound annual growth rate (CAGR) exceeding 3.00% from 2019 to 2024 indicates a consistently expanding market. Key market segments include automotive fuels, marine fuels, and aviation fuels, with significant contributions from Liquefied Petroleum Gas (LPG). The growth is further fueled by government initiatives promoting economic diversification and infrastructure development, increasing demand across various sectors. Major players like Saudi Aramco, APSCO, Chevron, Shell, and TotalEnergies are key contributors to the market's supply and distribution networks. While the market faces potential restraints such as global price volatility and environmental concerns, these are being mitigated by investments in cleaner technologies and diversification strategies by major players. The forecast period (2025-2033) is anticipated to witness continued expansion driven by consistent economic growth and infrastructural investments within the Kingdom. The competitive landscape is dominated by both international and domestic players, with Saudi Aramco holding a substantial market share due to its significant refining capacity and integrated operations. However, other players are actively participating through strategic partnerships and investments to secure market positions. The market's segmentation provides insights into specific growth drivers within each sector. For instance, growth within automotive fuels is primarily driven by vehicle ownership growth, while marine fuel demand is tied to the maritime industry's activity level. The aviation fuels segment is influenced by the growth in air travel and tourism. The LPG segment benefits from its use as both fuel and petrochemical feedstock. Future growth will likely be shaped by evolving government regulations related to environmental sustainability and the adoption of cleaner energy sources. The Saudi Arabia refined petroleum products market is poised for continued expansion in the coming years, reflecting the Kingdom's economic progress and global energy dynamics. Recent developments include: June 2022: Saudi Aramco announced plans to review domestic prices of liquid petroleum gas (gas cylinders) and kerosene annually. The local prices are evaluated per the governance procedures for adjusting the prices of energy and water products., February 2022: Saudi Arabia's shipments of refined products increased by 32% in 2021, compared with the previous year, as the country exported more diesel and fuel oil. Diesel and fuel oil were the main products that drove exports higher, with 1.34 million daily barrels being shipped., October 2021: Saudi Arabia consumed more gasoline and less diesel in the first eight months of 2021 than last year. The average demand for motor and aviation gasoline in Saudi Arabia jumped to 470 thousand barrels per day (kbd) in August 2021, compared to 432 kbd for the previous year.. Notable trends are: Increasing Refined Petroleum Products Consumption to Drive the Market.

The size of the Sustainable Aviation Fuel Market was valued at USD 6.58 Million in 2023 and is projected to reach USD 98.35 Million by 2032, with an expected CAGR of 47.16% during the forecast period. Sustainable Aviation Fuel (SAF) is a renewable alternative to conventional jet fuel, produced from sustainable feedstocks such as used cooking oil, animal fats, and agricultural waste. SAF can reduce greenhouse gas emissions by up to 80 percent over its lifecycle compared to traditional jet fuel. It is chemically similar to fossil-based jet fuel, allowing it to be used in existing aircraft engines without modifications. SAF is typically blended with conventional jet fuel, with current regulations permitting up to 50 percent SAF in the fuel mix. Recent developments include: In May 2023, Twelve and Etihad Airways, the national carrier of the United Arab Emirates, signed a Memorandum of Understanding (MOU) to collaborate on the advancement of E-Jet® fuel, Twelve's sustainable aviation fuel (SAF) made from CO2 and renewable energy, as well as plans for an international demonstration flight and a supply roadmap that will support Etihad's sustainability strategy., In February 2022, Engie SA and the US engineering company Infinium Holdings announced a EUR 500-million project to produce renewable aviation and maritime fuels in northern France. The final investment decision for the project is planned for the end of 2023, with commercial operations expected to start in 2026., In February 2022, Boeing announced a supply agreement for two million gallons of blended renewable aviation fuel with EPIC Fuels to power its commercial operations in Washington State and South Carolina by the end of 2022.. Key drivers for this market are: 4., Increased Government Regulations for Greenhouse Gas Emissions 4.; Encouraging Production and Consumption of Renewable Aviation Fuel. Potential restraints include: 4., The High Costs of Renewable Aviation Fuel. Notable trends are: Hydroprocessed Esters and Fatty Acids (HEFA) Technology to Dominate the Market.

The automotive fuel cell system market is experiencing robust growth, projected to reach a substantial size driven by increasing demand for eco-friendly transportation solutions and stringent emission regulations globally. The market's Compound Annual Growth Rate (CAGR) of 40.63% from 2019 to 2024 indicates significant investment and technological advancements in fuel cell technology. This growth is fueled by several factors, including the decreasing cost of fuel cell components, improved efficiency and durability of fuel cells, and increasing government support for clean energy initiatives. The market is segmented by electrolyte type (Polymer Electronic Membrane Fuel Cell, Direct Methanol Fuel Cell, Alkaline Fuel Cell, Phosphoric Acid Fuel Cell), vehicle type (Passenger Cars, Commercial Vehicles), fuel type (Hydrogen, Methanol), and power output (Below 100 KW, 100-200 KW, Above 200 KW). Hydrogen fuel cells currently dominate the market due to their higher energy density and efficiency, however, methanol fuel cells are gaining traction due to their easier storage and handling. The passenger car segment holds the largest market share due to the rising adoption of electric and hybrid vehicles. Major players like Ballard Power Systems, Plug Power, and FuelCell Energy are driving innovation and expansion, focusing on developing cost-effective and high-performance fuel cell systems. Geographical distribution reveals strong growth across North America and Europe, driven by early adoption and supportive government policies. Asia Pacific is also expected to witness significant growth in the coming years due to increasing vehicle sales and supportive government initiatives. The continued growth of the automotive fuel cell system market is predicated on overcoming technological challenges such as improving the durability and lifespan of fuel cells, reducing production costs, and developing efficient hydrogen refueling infrastructure. However, the increasing awareness of environmental concerns and the long-term benefits of fuel cell vehicles are expected to outweigh these challenges. Furthermore, ongoing research and development efforts focused on improving energy density, reducing cost, and increasing efficiency will continue to stimulate market expansion. The competitive landscape features both established players and emerging companies, leading to innovation and collaboration within the industry. The market is expected to witness further consolidation and strategic partnerships as companies strive to establish a strong foothold in this rapidly growing sector. The forecast period of 2025-2033 promises continued strong growth, driven by a convergence of technological advancements, supportive government policies, and increasing consumer demand for sustainable transportation options. Recent developments include: February 2022: The Adani Group signed a non-binding memorandum of understanding ('MoU') with Ballard Power Systems to evaluate a joint investment case for the commercialization of hydrogen fuel cells in various mobility and industrial applications in India. Under the MoU, both parties will examine various options to cooperate, including potential collaboration for fuel cell manufacturing in India., March 2021: Nuvera Fuel Cells announced the expansion of its hydrogen fuel cell engine testing capabilities with the commissioning of a large-scale durability test facility in Italy. The new automated facility, located at the SIAD SpA's main plant in Osio, was designed, constructed, and commissioned over a period of three years. The Nuvera Fuel Cell Engine Test Module (ETM) is a fully equipped testing ground for the company's expanding product line. It provides the capability of simultaneously testing up to eight fuel cell engines at different customer-specific load cycles., March 2021: Robert Bosch GmbH announced that it was planning to develop automotive fuel cell (FC) system components and commercialize them by 2022. In addition to FC stacks, which are under development, the company stated that it would be developing integrated systems that combine the key components of fuel cell vehicles (FCV), including hydrogen gas injectors and air valves., March 2021: Daimler Truck AG and the Volvo Group founded a fuel-cell joint venture. The Volvo Group acquired 50% shares in the existing Daimler Truck Fuel Cell GmbH & Co. KG at a value of around EUR 0.6 billion. The new joint venture, Cellcentric GmbH & Co. KG, is expected to be the world's leading manufacturer of fuel cells., February 2021: Plug Power Inc. and SK Group announced the completion of the USD 1.6 billion capital investment to partner in accelerating hydrogen as an alternative energy source in Asian markets. This partnership includes a plan to form a joint venture company in Asia.. Key drivers for this market are: Government Initiatives to Support The Market Growth. Potential restraints include: Government Initiatives to Support The Market Growth. Notable trends are: Government Initiatives for Clean Energy is Driving the Hydrogen Fuel Demand.

In May 2025, the average price of one barrel of Brent crude oil was 64.45 U.S. dollars. This was nearly four U.S. dollars below prices the previous month and the lowest value in the past 24-month period, as demand for oil was expected to stagnate in the coming months. Brent terminology and most common uses Brent is the world's leading price benchmark for Atlantic basin crude oils. It is used to price two thirds of the internationally traded crude oil supplies and is also the most significant crude oil benchmark for Europe. Brent crude originates in the North Sea and includes oils from Brent and Forties Oil Field in the United Kingdom, and from the Oseborg and Ekofisk oil fields, both oil reserves in Norway. Other names for Brent are Brent Blend, London Brent and Brent petroleum. The name Brent comes from the Brent oil field, located north-east of the Shetland Islands, and thus part of the United Kingdom. Because the Brent oil field already passed its production peak, today the benchmark Brent includes oil from the other three major oil fields. Brent, next to West Texas Intermediate (WTI), is one of the lightest crude oils. With a low content of sulfur, it is ranged among the so-called sweet crude oils. Most of the Brent crude oil is refined into gasoline and middle distillates in Northwest Europe. Benchmark oil prices Other crucial benchmarks for crude oil prices are the already mentioned U.S.- WTI and Dubai Crude (Fateh). They are indispensable for referencing the many types and grades of oil on the global market. In the past 20 years, the annual price for one barrel of Brent crude oil saw a net increase. For example, the average price per barrel stood at 80.53 U.S. dollars in 2024.

The Liquefied Petroleum Gas (LPG) market, currently valued at approximately $XX million (assuming a reasonable market size based on industry reports and growth rates of similar markets), is projected to experience robust growth with a Compound Annual Growth Rate (CAGR) exceeding 5% from 2025 to 2033. Several factors contribute to this positive outlook. Increasing urbanization and industrialization, particularly in developing economies within Asia-Pacific and the Middle East & Africa, fuel the demand for LPG as a clean and relatively affordable cooking fuel and industrial feedstock. The shift towards cleaner energy sources, coupled with government initiatives promoting LPG adoption for reducing air pollution in residential areas, further boosts market growth. The diverse applications of LPG across residential, commercial, industrial, and autofuel sectors ensure a broad and stable demand base. However, fluctuations in crude oil prices pose a significant challenge, directly impacting LPG production costs and price volatility. Competition from alternative fuels, such as natural gas and biofuels, also presents a restraint, necessitating continuous innovation and efficiency improvements within the LPG industry. The market is segmented by source of production (crude oil and natural gas liquids) and application, allowing for targeted market penetration strategies. Leading players like BP PLC, Exxon Mobil Corporation, and others are actively engaged in expanding production capacity and optimizing supply chains to capitalize on the growing demand. The geographical distribution of the LPG market reflects varying levels of development and energy consumption patterns. North America and Europe, while mature markets, maintain substantial demand, especially for industrial applications. However, the fastest growth is anticipated in Asia-Pacific and the Middle East & Africa, driven by population growth and rising energy needs. This geographic segmentation presents strategic opportunities for LPG producers to tailor their offerings and investments to meet region-specific requirements. Furthermore, advancements in LPG storage and transportation technologies, including the development of safer and more efficient cylinders and pipelines, are expected to further enhance the market's growth trajectory over the forecast period. The continuous improvement in safety standards and regulatory frameworks surrounding LPG handling also contributes to increased consumer confidence and market expansion. Recent developments include: In October 2022, Maire Tecnimont S.p.A. announced that its principal subsidiary, Tecnimont S.p.A., was awarded an EPC contract by SONATRACH's Direction Centrale Engineering & Project Management for the execution of an LPG extraction plant within the existing Rhourde El Baguel oil and gas treatment complex in northeastern Algeria. The total contract value is around USD 380 million., In February 2022, Indian Oil Corp. (IOC) announced plans to construct three new plants in Northeast India to increase its LPG bottling capacity by nearly 53% or to 8 crore cylinders annually by 2030 to meet the growing demand in the region. The total investment in the plant expansion is likely to range between USD 43- 46 million.. Notable trends are: LPG Extracted from Natural Gas Liquids to Dominate the Market.