Press release
LPG Prices Q3 2025 | Trend, Forecast & Regional Analysis
LPG Prices
LPG Prices in the United States:
In the USA, the average LPG price stood at USD 673/MT during Q3 2025. The market observed stable demand from the residential and industrial sectors, supported by steady crude oil prices. According to the LPG Price Forecast 2025, prices are expected to remain moderately firm due to increased consumption during the colder months and limited supply in key production regions.
Get the Real-Time Prices Analysis: https://www.imarcgroup.com/liquified-petroleum-gas-pricing-report/requestsample
Note: The analysis can be customized to meet the specific requirements of the customer.
APAC LPG Price Index Analysis - Q3 2025 Overview
LPG Prices in China:
In China, the LPG price averaged USD 664/MT in Q3 2025, reflecting consistent domestic demand and fluctuating import costs. The LPG Price Trend Report highlights that rising petrochemical sector activity and strong transportation fuel usage influenced price stability. Analysts anticipate a gradual increase in upcoming quarters, supported by economic recovery and seasonal energy demand.
LPG Prices in India:
India recorded an average LPG price of USD 1043/MT in Q3 2025, marking one of the highest in the Asia-Pacific region. The LPG Price Forecast 2025 attributes this rise to high import dependence, transportation costs, and robust household consumption. However, government subsidies and steady crude supply may help stabilize prices in the near term.
LPG Prices in Japan:
Japan's LPG prices averaged USD 583/MT during Q3 2025, influenced by moderate demand from the industrial and commercial sectors. The LPG Price Trend Report indicates that lower global oil prices and stable LNG imports contributed to controlled price fluctuations. Future projections suggest steady pricing as Japan maintains balanced inventory levels and energy diversification efforts.
LPG Prices in South Korea:
In South Korea, LPG prices averaged USD 534/MT in Q3 2025, showing minimal volatility across the quarter. The LPG Price Forecast 2025 points to stable consumption from refineries and petrochemical industries. Additionally, improved domestic supply and favourable import conditions helped maintain market equilibrium throughout the period.
Regional Analysis: The price analysis can be extended to provide detailed LPG price information for the following list of countries.
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.
Latest News & Recent Developments: LPG Prices Trend, Index, History & Forecast:
The global Liquefied Petroleum Gas (LPG) market in late 2025 displays a largely stable to soft pricing trend, shaped by declining industrial consumption, consistent refinery output, and subdued crude oil benchmarks. However, regional variations persist, with Asian and Middle Eastern markets showing increased export flexibility while Western markets experience demand moderation amid mild seasonal conditions.
Regional Price Highlights
• United States: LPG prices dropped to USD 673/MT in September 2025, pressured by steady domestic output, rising inventories, and lower winter heating demand. Crude price weakness further weighed on overall LPG valuations.
• China: Prices averaged USD 664/MT, reflecting soft industrial usage and sufficient supply from both domestic refineries and imports. Exchange rate stability and efficient storage management helped restrain market volatility.
• India: Prices stood around USD 1,043/MT, slightly lower than the previous quarter due to stable refinery operations, improved logistics, and government-led fuel inflation controls. Seasonal moderation in residential demand kept markets balanced.
• Japan & South Korea: Prices ranged between USD 534-583/MT, tracking downward amid weaker petrochemical demand and steady supply inflows from the Middle East. Energy price stabilization policies further supported moderation.
• Middle East: Saudi Aramco cut its August 2025 contract prices for propane and butane by USD 55/ton each, reflecting poor Asian demand and excess cargo availability. Strong export flows to Asia continued despite limited local consumption fluctuations.
Market Developments
• Feedstock Economics: LPG traded at an increasing discount to naphtha in Asia (averaging USD 51/ton lower) in mid-2025, leading to higher LPG consumption in ethylene crackers and sustained feedstock switching.
• Supply Chain Patterns: Consistent export volumes from the U.S. and Middle East have kept the global market adequately supplied despite logistical adjustments following tariff and freight cost shifts.
• Industrial Outlook: Petrochemical demand remained weak as propylene margins waned, yet residential and transportation sectors-maintained baseline consumption. Asia-Pacific continued to dominate global LPG consumption, driven by expanding domestic use in China and India.
Forecast & Market Outlook (2025-2026)
• Price Projections: LPG is forecast to trade between USD 650-720/MT through the remainder of 2025, with minor price rebounds likely in early 2026 amid seasonal heating and global restocking cycles.
• Growth Drivers: Increased LPG adoption as a cleaner energy alternative, policy-led incentives for residential usage, and expansion of LPG infrastructure in developing economies will sustain long-term demand.
• Challenges: Persistent supply surplus, flattening petrochemical consumption, and weaker crude oil benchmarks could cap any significant price gain through 2026.
The LPG market is expected to maintain a balanced yet cautious outlook as producers and traders align strategies around feedstock economics, supply resilience, and environmental policy frameworks.
Speak to An Analyst: https://www.imarcgroup.com/request?type=report&id=22509&flag=C
Key Coverage:
• Market Analysis
• Market Breakup by Region
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Price Analysis
o Spot Prices by Major Ports
o Price Breakup
o Price Trends by Region
o Factors influencing the Price Trends
• Market Drivers, Restraints, and Opportunities
• Competitive Landscape
• Recent Developments
• Global Event Analysis
How IMARC Pricing Database Can Help
The latest IMARC Group study, "LPG Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2025 Edition," presents a detailed analysis of LPG price trend, offering key insights into global LPG market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.
The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines LPG demand, illustrating how consumer behaviour and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.
About Us:
IMARC Group is a global management consulting firm that provides a comprehensive suite of services to support market entry and expansion efforts. The company offers detailed market assessments, feasibility studies, regulatory approvals and licensing support, and pricing analysis, including spot pricing and regional price trends. Its expertise spans demand-supply analysis alongside regional insights covering Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa. IMARC also specializes in competitive landscape evaluations, profiling key market players, and conducting research into market drivers, restraints, and opportunities. IMARC's data-driven approach helps businesses navigate complex markets with precision and confidence.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales[@]imarcgroup.com
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