Weekly LPG Mont Belvieu And Nigerian LPG Price Review June 27th 2025

By Ehi Okoduwa ــ Last Update 28 June 2025

Weekly Mont Belvieu Propane-Butane Price Overview: June 27th, 2025

23/06/2025: Propane $414.0 / Butane $436.3

24/06/2025: Propane $389.3 / Butane $405.2

25/06/2025: Propane $382.4 / Butane $396.9

26/06/2025: Propane $374.6 / Butane $392.1

27/06/2025: Propane $372.8 / Butane $391.6

LPG Prices Decline Sharply

Both propane and butane recorded significant week-on-week declines, each retreating by over 7% by Friday. This correction closely followed easing geopolitical tensions in the Middle East, notably the ceasefire agreement between Israel and Iran. Propane averaged $386.6/MT for the week, while butane settled at $404.4/MT—both down from the previous week’s averages of $417.0/MT and $435.3/MT, respectively.

Crude Oil Market Volatile Amid Ceasefire

Crude oil prices experienced notable volatility during the week, initially trending toward $80 before reversing course after the de-escalation of hostilities between Israel and Iran. The Strait of Hormuz, a critical chokepoint for global oil flows, remained unaffected, calming market fears. WTI closed the week at $65.88 (down from $75.26), while Brent settled at $68.17 (down from $76.87).

Nigerian LPG Market: Depot Prices Stabilizing

LPG depot prices showed signs of stabilization. In the South-West, prices hovered around ₦18.5 million per 20MT, while South-South depots averaged approximately ₦18.3 million. Concerns over supply disruptions from the Dangote refinery appear to have eased, as the market continues to reflect adequate product availability.

Retail Market: Prices Hold Steady

Retail LPG prices remained relatively stable nationwide, with prices in Lekki dropping to approximately ₦13,750 for a 12.5kg cylinder, down from ₦15,000 in the previous week.

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