The price of gas in the United Kingdom was *** British pence per therm in the fourth quarter of 2024. It is anticipated gas prices will increase to *** pence in the second quarter of 2025 before gradually falling to just under ** pence by the second quarter of 2027.
Surging energy costs and the cost of living crisis At the height of the UK's cost of living crisis in 2022, approximately ** percent of UK households were experiencing rising prices compared with the previous month. It was during 2022 that the UK's CPI inflation rate reached a peak of **** percent, in October of that year. Food and energy, in particular, were the main drivers of inflation during this period, with energy inflation reaching **** percent, and food prices increasing by **** percent at the height of the crisis. Although prices fell to more expected levels by 2024, an uptick in inflation is forecast for 2025, with prices rising by *** percent in the third quarter of the year. Global Inflation Crisis The UK was not alone in suffering rapid inflation during this time period, with several countries across the world experiencing an inflation crisis. The roots of the crisis began as the global economy gradually emerged from the COVID-19 pandemic in 2021. Blocked-up supply chains, struggled to recover as quickly as consumer demand, with food and energy prices also facing upward pressure. Russia's invasion of Ukraine in February 2022 led to Europe gradually weening itself of cheap Russian energy exports, while for several months Ukraine struggled to export crucial food supplies to the rest of the World.

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.

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.

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.

On October 27, 2025, the price of ultra-low sulfur unleaded petrol (gasoline) in the United Kingdom averaged 134.4 pence per liter. This compared to 143.26 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.

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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

In 2024, the price of natural gas in Europe reached 11 constant U.S. dollars per million British thermal units, compared with 2.2 U.S. dollars in the U.S. This was a notable decrease compared to the previous year, which had seen a steep increase in prices due to an energy supply shortage exacerbated by the Russia-Ukraine war. Since 1980, natural gas prices have typically been higher in Europe than in the United States and are expected to remain so for the coming two years. This is due to the U.S. being a significantly larger natural gas producer than Europe. What is natural gas and why is it gaining ground in the energy market? Natural gas is commonly burned in power plants with combustion turbines that generate electricity or used as a heating fuel. Given the fact that the world’s energy demand continues to grow, natural gas was seen by some industry leaders as an acceptable "bridge-fuel" to overcome the use of more emission-intensive energy sources such as coal. Subsequently, natural gas has become the main fuel for electricity generation in the U.S., while the global gas power generation share has reached over 22 percent. How domestic production shapes U.S. natural gas prices The combination of hydraulic fracturing (“fracking”) and horizontal drilling can be regarded as one of the oil and gas industry’s biggest breakthroughs in decades, with the U.S. being the largest beneficiary. This technology has helped the industry release unprecedented quantities of gas from deposits, mainly shale and tar sands that were previously thought either inaccessible or uneconomic. It is forecast that U.S. shale gas production could reach 36 trillion cubic feet in 2050, up from 1.77 trillion cubic feet in 2000.

Heating Oil rose to 2.35 USD/Gal on December 2, 2025, up 0.21% from the previous day. Over the past month, Heating Oil's price has fallen 2.25%, but it is still 6.31% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Heating oil - values, historical data, forecasts and news - updated on December of 2025.

In the third quarter of 2025, Bermuda had the highest household electricity prices worldwide, followed by Ireland, Italy, and Germany. At the time, Irish households were charged around 0.44 U.S. dollars per kilowatt-hour, while in Italy, the price stood at 0.42 U.S. dollars per kilowatt-hour. By comparison, in Russia, residents paid almost 10 times less. What is behind electricity prices? Electricity prices vary widely across the world and sometimes even within a country itself, depending on factors like infrastructure, geography, and politically determined taxes and levies. For example, in Denmark, Belgium, and Sweden, taxes constitute a significant portion of residential end-user electricity prices. Reliance on fossil fuel imports Meanwhile, thanks to their great crude oil and natural gas production output, countries like Iran, Qatar, and Russia enjoy some of the cheapest electricity prices in the world. Here, the average household pays less than 0.1 U.S. dollars per kilowatt-hour. In contrast, countries heavily reliant on fossil fuel imports for electricity generation are more vulnerable to market price fluctuations.