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Sharing Ideas and Updates on LPG in Nigeria and related information to enable effective collaboration within the LPG Value Chain
Weekly LPG Mont Belvieu And Nigerian LPG Price Review June 20th 2025
Weekly LPG Mont Belvieu And Nigerian LPG Price Review June 20th 2025
Weekly Mont Belvieu Propane-Butane Price Overview: June 20th, 2025
16/06/2025: Propane $410.9 / Butane $425.0
17/06/2025: Propane $419.4 / Butane $437.1
18/06/2025: Propane $419.7 / Butane $439.4
20/06/2025: Propane $417.8 / Butane $439.7
LPG Prices continue to increase due to geopolitical risk.
Both Propane and Butane prices continued the bullish trend in response to geopolitical tensions in the Middle East. Prices jumped significantly during the week, following continued Israeli-Iranian hostilities. Propane closed at a weekly average of $417.0/MT, while Butane settled at $435.3/MT, down from the prior week’s averages of $393.2/MT and $400.9/MT, respectively.
Crude Oil prices show volatility amid Geopolitical Tensions
Geopolitical risk has significantly impacted oil markets due to Israel's strikes on Iran. Brent crude prices have shown volatility, bouncing between $70.56 and $79.04 per barrel during the week. The Israel-Iran conflict is dictating price movements, overshadowing other key factors such as US Federal Reserve decisions, OPEC+ policy, and Chinese imports.
WTI closed at $75.26, up from $75.26 in the previous week, while Brent also increased to $76.87 from $74.43.
We may see Crude oil prices hitting $80 this week, as the US hit three Iranian Nuclear sites - bookmakers expect Iranian retaliation to affect the oil vessel route in the Strait of Hormuz, a major global crude oil channel. The Strait of Hormuz connects the Persian Gulf and the Gulf of Oman, which further flows out into the Arabian Sea.
Nigeria LPG Market: Depot prices jump in response to supply pressures.
Depot prices jumped to 19 million Naira per 20MT at NAVGAS Apapa and 18 million at most depots in Lagos as supply pressure looms from the break at Dangote refinery - the LPG supply break may not be unconnected with the optimized production of PMS at the refinery. We expect prices to respond to international prices as the market would be dependent on supplies from offshore sources.
Retail Market: Prices remain stable.
Retail LPG prices have remained stable at circa 15,000.00 per 12.5kg in most parts of the country.
Stay connected on the LPG forum to share local retail prices and join the discussion.
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