| Product | Region | Incoterm Basis | Price (USD/MT) | Last Updated Month |
| LPG | USA | FOB | USD 423.43/MT | April 2026 |
| LPG | Saudi Arabia | FOB | USD 750.00/MT | April 2026 |
| LPG | Germany | CIF | USD 628.00/MT | April 2026 |
| LPG | China | FOB | USD 923.50/MT | April 2026 |
| LPG | Canada | CIF | US Cents 39.50/Gal | April 2026 |
| LPG | USA | FOB | USD 378.77/MT | March 2026 |
| LPG | Saudi Arabia | FOB | USD 645.00/MT | March 2026 |
| LPG | Germany | CIF | USD 1,041.00/MT | March 2026 |
| LPG | China | FOB | USD 923.00/MT | March 2026 |
| LPG | Canada | CIF | US Cents 46.38/Gal | March 2026 |
Stay updated with the latest lpg prices, historical data, and tailored regional analysis
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.
Analyst Insight
According to Procurement Resource, LPG prices are expected to remain elevated, as ongoing geopolitical risks and constrained Middle Eastern supply may continue to support upward pressure, while demand stability will influence the pace of further increases.
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Asia
In Q4’25, LPG prices experienced mixed movements and were generally impacted by changes in demand as well as trade conditions. LPG prices began to decline as a result of lower contract prices as well as petrochemical demand weakness. However, the prices recovered towards the end of the quarter as demand from China picked up as a result of easing trade tensions. Petrochemical companies mostly opted to use LPG as opposed to naphtha due to the lower prices of LPG. Consequently, crackers began to use propane as well as butane as the primary petrochemical feedstock.
Additionally, the market was boosted by the high demand from China as well as India as the two countries increased their imports to accumulate inventory. Chinese propane dehydrogenation units ran at higher rates as the country was able to acquire the petrochemical at lower prices. However, the demand for polypropylene was lower than anticipated, thus hindering the growth of the LPG market. The spot prices in the Chinese market settled at around 635 USD/MT in December’25.
Europe
In the European market, the price of LPG continued to remain under pressure during Q4’25, mainly because of the high supplies and poor spot market demand. The market was impacted by the geopolitical tensions and the large volumes that entered the market from the United States. This caused the supplies to remain high, and the market continued to be bearish. The trade truce between the major economies helped the market to improve slightly towards the end of the quarter. The chances of the United States supplies moving to the Asian market created a belief that the market would be balanced at some point in the future, although the process would be a slow one. The overall market for LPG in Europe was weak.
North America
In North America, LPG prices remained under pressure throughout Q4’25, largely due to the influence of high inventories and weaker export markets. Production remained firm, while international markets remained soft, leading to oversupply in the market. Inventories remained at a record high, which reflected that supply was much higher than demand. The export market to Asia was weaker due to weak price advantages and weak Chinese demand, which kept the market under pressure. Even though the market for ethane was firm due to strong exports, propane and butane remained under pressure.
Analyst Insight
According to Procurement Resource, LPG markets are expected to face moderate demand due to weaker petrochemical markets, though a rise in crude and naphtha prices would support LPG markets.
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.
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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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