| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| LPG | USA | FOB | USD 366.66/MT | June 2026 |
| LPG | Saudi Arabia | FOB | USD 760.00/MT | June 2026 |
| LPG | Germany | CIF | USD 504.20/MT | June 2026 |
| LPG | China | FOB | USD 828.47/MT | June 2026 |
| LPG | Canada | CIF | USD 278.74/MT | June 2026 |
| LPG | USA | FOB | USD 573.00/MT | May 2026 |
| LPG | Saudi Arabia | FOB | USD 850.00/MT | May 2026 |
| LPG | Germany | CIF | USD 592.00/MT | May 2026 |
| LPG | China | FOB | USD 997.25/MT | May 2026 |
| LPG | Canada | CIF | USD 304.79/MT | May 2026 |
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India's Oil Marketing Companies reduced commercial LPG cylinder prices by ₹183.50 on 1 July, while domestic prices remain unchanged since June hike. Crude oil prices surged 2.5% on renewed US-Iran tensions, raising fresh supply disruption concerns.
International LPG prices rose sharply due to the West Asia crisis, with benchmark Saudi Contract Price increasing. This surge raises import costs for LPG, prompting government subsidy absorption to stabilize domestic prices and ensure supply availability.
Asia
In China, the prices of LPG were ~RMB 6.31/kg in April and ~RMB 6.75/kg in the subsequent month. The LPG price curve witnessed a ~7.0% increase in the first two months of Q2’26. The rise was mainly driven by tighter Middle Eastern cargo availability and higher delivered import costs into Asia. Replacement supply from the United States helped reduce shortage risk but longer voyages and constrained export logistics kept landed costs elevated. However, the price increase was capped by weak petrochemical demand, as propane dehydrogenation and steam-cracker users reduced operating rates due to poor margins and feedstock shortages. Indian household and industrial demand also weakened as high import costs affected affordability and availability.
Europe
In Germany, the prices of LPG were ~EUR 0.54/kg in April and ~EUR 0.51/kg in the following month, showing a ~5.2% decrease. European LPG prices softened because local demand was weaker than Asian import-driven pricing pressure. Lower crude-linked sentiment, softer industrial usage, and limited heating demand reduced buying urgency. Europe did not face the same direct Gulf replacement pressure as Asia, so weaker downstream offtake had a clearer impact on prices. Autogas, petrochemical, and commercial demand remained cautious, limiting any pass-through from global supply disruption.
North America
North America remained the main balancing supplier for the global LPG market. EIA reported that U.S. propane production increased by 125,000 barrels per day, or 5%, during 2025, and expected another 4% increase in 2026. EIA also forecast inventories to reach nearly 112 million barrels in October 2026, supporting export availability. Two U.S. Gulf Coast projects were expected to add a combined 660,000 barrels per day of LPG export capacity, improving medium-term supply flexibility.
Analyst Insight
According to Procurement Resource, in the near term, LPG prices may stay sensitive to Middle Eastern shipping flows and Asian import demand. Rising U.S. supply and weak petrochemical demand may cap further gains.
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Asia
In Asia, LPG prices increased sharply due to supply disruptions and strong import dependence. In China, prices were about ~RMB 2.22/kg (Spot FD) in January and around ~RMB 2.63/kg in March, rising by about 18.46%. The increase was driven by reduced inflows from the Middle East following the Iran war and disruption in the Strait of Hormuz, which handles a significant share of global LPG trade, leading to tighter availability and higher costs. In India, LPG prices also increased due to supply-side constraints, with commercial cylinder prices rising following global benchmarks. India consumed about 33.15 million metric tons of LPG annually, with around 60% met through imports and nearly 90% sourced from the Middle East, making it highly exposed to disruptions. India resorted to diversifying its LPG imports toward the US, Norway, Canada, and Russia as Gulf supply routes tighten, while invoking emergency measures to protect household cooking gas supply.
Europe
In Europe, LPG prices increased as reduced Middle Eastern supply and competition from Asia tightened availability. European propane prices surged by around 22% between Friday’s close and Monday morning, in the first week of March, amid escalating Middle East tensions and potential supply disruptions, with gains outpacing crude. Market fears over Strait of Hormuz closures and reduced US LPG flows to Europe further intensified volatility, though demand adjustments in Asia may temper the rally.
North America
In North America, LPG prices remained firm, supported by export demand and global supply disruptions. The region benefited from its strong production base, supplying cargoes to deficit regions such as Asia and Europe. However, rising logistics costs and strong global demand linked to the Iran war and Strait of Hormuz disruptions supported prices despite a relatively balanced domestic supply.
Liquefied petroleum gas or better known as LPG is a mixture of hydrocarbon gases. It is flammable in nature. LPG is most widely used for household purposes, for example in cooking, or as a fuel for heating. It is replacing CFCs or chlorofluorocarbons rapidly, as it is less harmful for environment and has a lower impact on ozone layer when compared to CFCs. Its primary constituents are propane and butane, while natural gas contains lighter methane and ethane. Commercially, the product is mainly derived from fossil fuels.
Cooking, Rural heating, Internal combustion engines and motor fuel, Aerosol propellants and refrigerants, Gasoline, Farming, Power generation
Liquefied petroleum gas, Liquid petroleum gas (LP gas)
Gazprom PAO, Royal Dutch Shell Plc, Exxon Mobil Corporation, Total SA, BP Plc
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs. Procurement Resource tracks LPG prices for more than 150 countries across the globe.
LPG can be obtained from natural gas via its processing. LPG is most widely recovered during the extraction of natural gas, which is found beneath the earth's surface.
Our Price Analysis Methodology
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This report provides the cost structure of LPG production by the petroleum refining process. In this process, the crude oil recovered is separated into oil and wet gas via a gas trap.
This report provides the cost structure of LPG production by natural gas processing. In this method, the crude oil recovered from the oil wells is sent to the gas trap where it is separated into wet gas and oil.
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