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Liquefied Petroleum Gas Pricing, Demand and Supply Overview
2025
Base Year
2023-2025
Historical Period
2026-2027
Forecast Period
Market Overview
Liquefied petroleum gas prices in India, the highest-cost importing region, fell 14.5% across 2025, declining from USD 0.69/KG in Q1 to USD 0.59/KG by Q4 as global oversupply and weak petrochemical demand weighed on markets. Globally, the average fell from USD 0.630/KG to USD 0.508/KG, a 19.4% decline. For the remainder of 2026, a global average of USD 0.52-0.64/KG is expected, contingent on Middle East supply normalisation and seasonal heating demand.
Liquefied petroleum gas is a flammable mixture of propane and butane, extracted from natural gas processing and crude oil refining, stored under pressure as a liquid. The largest pull comes from residential and commercial cooking and heating, followed by petrochemical feedstock use, automotive autogas, and industrial applications. Crude oil and natural gas prices, seasonal heating demand, Middle East export flows, and the pace of petrochemical sector buying all feed into the price.
Liquefied Petroleum Gas Price Forecast for 2026
The balance of supply and demand for liquefied petroleum gas through the rest of 2026 is cautiously recovering. The sharp Q1 2026 rebound on Middle East shipping disruptions and winter heating demand is expected to moderate as freight premiums ease and supply normalises. Petrochemical sector demand from PDH and blending operations provides steady underlying support. The main upside risk is sustained Middle East geopolitical tension extending freight and supply disruptions. The main downside risk is ample US export availability and a mild late-winter that softens heating demand quickly.
| Region | 2026 Price Range (USD/KG) | Outlook |
| Global Average | 0.52 - 0.64 | Cautious recovery from oversupply; seasonal support moderates |
| United States | 0.44 - 0.56 | Abundant shale-linked supply keeps it the cheapest source |
| China | 0.58 - 0.70 | Petrochemical demand and strategic stockpiling firm the market |
| Saudi Arabia | 0.50 - 0.62 | Tight export liftings on geopolitical tensions support prices |
| India | 0.62 - 0.74 | Import dependency and seasonal demand keep it the highest-cost market |
For the Quarter Ending March 2026
Liquefied Petroleum Gas Prices Q1 2026:
- United States: USD 0.48/KG
- China: USD 0.62/KG
- Saudi Arabia: USD 0.55/KG
- India: USD 0.66/KG
Liquefied Petroleum Gas Prices in the United States
US liquefied petroleum gas prices averaged USD 0.48/KG in Q1 2026, up 14.3% from USD 0.42/KG in Q4 2025, the lowest among the tracked markets. Cold weather sustained heating demand and reduced storage draws, tightening prompt propane availability. Rising Brent crude elevated replacement costs, and rerouted export flows from Middle East disruptions absorbed US cargoes, supporting the sharp recovery.
Why did the price of Liquefied Petroleum Gas change in Q1 2026 in the United States?
Cold weather sustained heating demand and reduced storage levels, tightening propane availability. Rerouted Middle East export flows absorbed US cargoes, reducing domestic surplus. Rising crude-linked costs raised the replacement cost floor, reinforcing the sharp quarterly recovery.
Liquefied Petroleum Gas Prices in China
Chinese liquefied petroleum gas prices averaged USD 0.62/KG in Q1 2026, up 12.7% from USD 0.55/KG in Q4 2025. Petrochemical sector demand from PDH and blending operations recovered with post-Lunar New Year restocking. Middle East shipping disruptions tightened seaborne LPG availability, supporting a sharp quarterly rebound.
Why did the price of Liquefied Petroleum Gas change in Q1 2026 in China?
Petrochemical PDH and blending sector restocking after the Lunar New Year lifted procurement. Middle East shipping disruptions tightened seaborne availability across Asian markets. Strategic inventory management ahead of anticipated supply constraints amplified buying activity through the quarter.
Liquefied Petroleum Gas Prices in Saudi Arabia
Saudi Arabian liquefied petroleum gas prices averaged USD 0.55/KG in Q1 2026, up 17.0% from USD 0.47/KG in Q4 2025. Export liftings tightened as the Strait of Hormuz disruption raised shipping risk and freight premiums, reducing available cargoes for export. Rising crude-linked feedstock costs elevated the production floor, reinforcing the price rebound.
Why did the price of Liquefied Petroleum Gas change in Q1 2026 in Saudi Arabia?
Strait of Hormuz disruption raised freight and war-risk premiums, tightening export lifting allocations. Higher crude benchmarks elevated the production cost and replacement cost floor. Heightened precautionary buying from Asian importers amplified upward pressure through the quarter.
Liquefied Petroleum Gas Prices in India
Indian liquefied petroleum gas prices averaged USD 0.66/KG in Q1 2026, up 11.9% from USD 0.59/KG in Q4 2025, the highest among the tracked markets. Severe Strait of Hormuz disruptions increased freight and insurance costs for seaborne LPG imports. Heightened precautionary buying and tightening inventories among distributors amplified upward pressure on import parity pricing.
Why did the price of Liquefied Petroleum Gas change in Q1 2026 in India?
Strait of Hormuz disruptions curtailed seaborne LPG supply, raising freight and insurance costs substantially. Precautionary buying and tightening distributor inventories amplified upward pressure on import parity prices. Higher crude-linked feedstock costs reinforced the sharp quarterly recovery.
For the Quarter Ending December 2025
Liquefied Petroleum Gas Prices Q4 2025:
- United States: USD 0.42/KG
- China: USD 0.55/KG
- Saudi Arabia: USD 0.47/KG
- India: USD 0.59/KG
Liquefied Petroleum Gas Prices in the United States
US liquefied petroleum gas prices averaged USD 0.42/KG in Q4 2025, soft through the quarter. Ample shale-linked production and a mild start to the winter kept storage levels elevated, reducing heating demand urgency. Exporters lowered offers to maintain market share amid declining enquiries, holding the average near USD 0.42/KG into year-end.
Why did the price of Liquefied Petroleum Gas change in Q4 2025 in the United States?
Ample production and mild early-winter weather elevated storage levels, reducing demand urgency. Exporters cut offers to attract cautious buyers, holding the market near USD 0.42/KG, the lowest among the regions.
Liquefied Petroleum Gas Prices in China
Chinese liquefied petroleum gas prices averaged USD 0.55/KG in Q4 2025, pressured by oversupply. Warmer seasonal conditions and sluggish petrochemical buying reduced demand, while comfortable storage and ample Middle Eastern import flows weighed on prices. The average settled near USD 0.55/KG into year-end.
Why did the price of Liquefied Petroleum Gas change in Q4 2025 in China?
Warmer seasonal conditions and weak petrochemical demand reduced offtake through the quarter. Ample Middle Eastern import flows and comfortable storage pressured prices toward USD 0.55/KG.
Liquefied Petroleum Gas Prices in Saudi Arabia
Saudi Arabian liquefied petroleum gas prices averaged USD 0.47/KG in Q4 2025, soft through the quarter. Weaker global demand and oversupply exerted downward pressure, while competitive Gulf producers discounted cargoes to secure sales. Sellers faced margin compression as buyers remained cautious, holding the average near USD 0.47/KG into year-end.
Why did the price of Liquefied Petroleum Gas change in Q4 2025 in Saudi Arabia?
Weak global demand and competitive Gulf oversupply pressed prices lower through the quarter. Sellers discounted cargoes to secure sales, holding the market near USD 0.47/KG into year-end.
Liquefied Petroleum Gas Prices in India
Indian liquefied petroleum gas prices averaged USD 0.59/KG in Q4 2025, softer on the quarter. A decline in global propane and butane prices reduced the import parity reference, bringing domestic prices lower. Ample seaborne supply from Middle Eastern exporters maintained competitive landed costs, holding the average near USD 0.59/KG into year-end.
Why did the price of Liquefied Petroleum Gas change in Q4 2025 in India?
Lower global propane and butane prices reduced the import parity reference, easing domestic prices. Ample Middle Eastern seaborne supply maintained competitive landed costs near USD 0.59/KG.
Quarterly Liquefied Petroleum Gas Price Trends
Global liquefied petroleum gas prices declined sharply through the middle quarters of 2025 before a strong Q1 2026 recovery. The average eased from USD 0.630/KG in Q1 2025 to USD 0.620/KG by Q2, fell to USD 0.555/KG in Q3 on widespread oversupply, and declined further to USD 0.508/KG in Q4. A sharp rebound to USD 0.578/KG by Q1 2026 reduced the net decline across the window to about 8.3%. Geopolitical disruptions and winter demand drove the recovery.
| Quarter | Price (USD/KG) | QoQ Change | Direction |
| Q1 2026 | 0.578 | +13.8% | ↑ Rising |
| Q4 2025 | 0.508 | -8.5% | ↓ Falling |
| Q3 2025 | 0.555 | -10.5% | ↓ Falling |
| Q2 2025 | 0.620 | -1.6% | ↓ Falling |
| Q1 2025 | 0.630 | - | - Stable |
| Q2 2026 | In Progress | - | - In Progress |
What was Liquefied Petroleum Gas Price in 2025?
Liquefied petroleum gas prices fell sharply through 2025 on global oversupply. The average opened at USD 0.630/KG in Q1 and closed near USD 0.508/KG in Q4, a full-year decline of about 19.4%. Three forces shaped the year. Abundant supply from US shale-linked production and Middle Eastern exporters kept markets long, weak petrochemical PDH and blending demand reduced incremental offtake, and a tariff-driven trade disruption in Q2 created short-term volatility before normalising.
Liquefied Petroleum Gas Prices in the United States in 2025
US prices fell from about USD 0.55/KG in Q1 2025 to USD 0.42/KG by Q4, a decline of 23.6%, the steepest in the dataset. Ample shale-linked production and mild weather kept storage elevated all year. Exporters aggressively priced cargoes to maintain market share amid declining Asian demand.
Liquefied Petroleum Gas Prices in China in 2025
Chinese prices fell from roughly USD 0.67/KG in Q1 2025 to USD 0.55/KG by Q4, a decline of 17.9%. A mid-year tariff disruption briefly elevated Middle Eastern import premiums, but the effect faded as buyers diversified supply. Weak petrochemical and blending demand kept the underlying tone soft.
Liquefied Petroleum Gas Prices in Saudi Arabia in 2025
Saudi Arabian prices fell from about USD 0.62/KG in Q1 2025 to USD 0.47/KG by Q4, a decline of around 24.2%. Global demand weakness and competitive oversupply from Gulf producers pressed prices across all quarters. Sellers compressed margins to attract cautious buyers throughout the year.
Liquefied Petroleum Gas Prices in India in 2025
Indian prices fell from roughly USD 0.69/KG in Q1 2025 to USD 0.59/KG by Q4, a decline of 14.5%. Declining global benchmarks reduced import parity, bringing domestic prices lower. Ample seaborne supply from Middle Eastern exporters maintained competitive landed costs through the year.
How We Can Help
Expert Market Research: Your Source for Real-Time Liquefied Petroleum Gas Price Intelligence
Expert Market Research tracks liquefied petroleum gas prices continuously across every major producing and consuming region. We explain not just that prices moved, but precisely why. The team traces causation through crude oil and natural gas production economics, seasonal heating demand cycles, petrochemical sector buying, and Middle East export flow dynamics. Contact Expert Market Research today for liquefied petroleum gas pricing data, bespoke market analysis, and strategic procurement advisory.
Key Questions Answered in the Report
Residential and commercial cooking and heating take the largest share, followed by petrochemical feedstock use in PDH and cracker operations, automotive autogas, and industrial applications. Seasonal heating demand drives most of the short-term price volatility.
The Q1 2026 average was USD 0.48/KG in the United States, USD 0.62/KG in China, USD 0.55/KG in Saudi Arabia, and USD 0.66/KG in India, mostly on a FOB to CIF basis. India remains the highest-cost importing market on freight and insurance premiums.
The global average fell from USD 0.630/KG in Q1 2025 to about USD 0.508/KG in Q4, a full-year decline of around 19.4%. Global oversupply, weak petrochemical demand, and mild seasonal conditions drove the slide across all regions.
Three factors dominated: abundant supply from US shale and Middle Eastern exporters, weak petrochemical PDH and blending demand, and a mid-year trade tariff disruption that briefly elevated premiums before normalising.
The global average is expected in the USD 0.52 to 0.64/KG range for the rest of 2026, assuming the sharp Q1 2026 rebound moderates as freight premiums ease and supply normalises seasonally.
India sits highest as an import-dependent market exposed to freight and insurance premiums, China and Saudi Arabia hold a firm middle, and the United States prices lowest on abundant shale-linked production.
This report is updated monthly. For real-time pricing intelligence, contact the Expert Market Research team directly.
Prices respond mainly to crude oil and natural gas values, seasonal heating demand, Middle East export flows, and petrochemical sector buying. Geopolitical events and shipping disruptions can cause sharp regional spikes within a single quarter.
The Middle East, the United States, and Russia host the largest producing and exporting capacity. Because output is tied to crude oil refining and natural gas processing, any production or logistics shift ripples across importing markets within one to two quarters.
Buyers can use quarterly trends and forecasts to time contracts, choose between fixed-price and index-linked supply, and build cover when seasonal demand or geopolitical events signal a tightening market. Regional price gaps also help teams weigh alternative supply origins when freight premiums spike.
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