Weekly LPG Mont Belvieu And Nigerian LPG Price Review May 16th 2025

By Ehi Okoduwa ــ Last Update 18 May 2025

Weekly Mont Belvieu Propane-Butane Price Overview: May 16th, 2025

12/05/2025: Propane $396.3 / Butane $395.5

13/05/2025: Propane $397.8 / Butane $394.4

14/05/2025: Propane $404.4 / Butane $403.2

15/05/2025: Propane $397.9 / Butane $401.2

16/05/2025: Propane $399.9 / Butane $402.6

Propane Catches Up to Butane

Propane prices saw a strong rebound last week, closing at a weekly average of $399.2/MT, marking a 9.2% increase from the previous week's average of $365.4/MT. Butane, meanwhile, remained relatively stable, closing at a weekly average of $399.4/MT, a modest 1.8% increase over the prior week's $392.2/MT.

Crude Oil Market: Optimism Fuels Gains

Crude prices continued their upward trajectory. WTI closed at $61.71, while Brent settled at $64.77, both gaining from the previous week.

The momentum is driven by renewed optimism surrounding U.S.-China trade negotiations and the possibility of a U.S.-Iran nuclear deal. While these developments hint at increased global oil supply (a bearish signal), they also suggest improved economic sentiment, which may support oil demand and sustain prices in the near term.

Nigeria LPG Market: Depot Prices Ease Slightly

Depot prices in Apapa dipped slightly during the week, trading around ₦18.5 million per 20MT, as the return of Dangote Refinery continues to ripple through the market.

However, supply constraints persist—many depots had little or no product available.

In the South-South, depot prices remained elevated, reflecting ongoing tight supply conditions. With the market still appearing under-supplied, prices are likely to remain supported in the short term.

Retail Market: Prices Hold Steady

LPG retail prices remained unchanged in Lekki, holding at ₦15,000 per 12.5kg cylinder. The retail market continues to lag behind depot price movements, though future increases cannot be ruled out if supply issues persist.

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