Weekly LPG Mont Belvieu And Nigerian LPG Price Review May 30th 2025

By Ehi Okoduwa ــ Last Update 02 June 2025

Weekly Mont Belvieu Propane-Butane Price Overview: May 30th, 2025

27/05/2025: Propane $384.6 / Butane $383.1

28/05/2025: Propane $390.1 / Butane $385.6

29/05/2025: Propane $384.4 / Butane $380.8

30/05/2025: Propane $379.8 / Butane $373.6

LPG Prices Continue Bearish Trend

Both Propane and Butane prices declined further last week, building on the previous week’s mild dip and signalling the emergence of a bearish trend. Propane closed at a weekly average of $384.7/MT, while Butane settled at $380.8/MT, down from the prior week’s averages of $389.9/MT and $392.9/MT, respectively.

Crude Oil Market Faces OPEC+ Uncertainty and Renewed Tariff Tensions

Crude oil prices turned lower last week as the US-China tariff disputes resurfaced, dampening market optimism. However, a more significant driver of bearish momentum could be the outcome of OPEC+ production decisions, with Kazakhstan signalling it will maintain output above its agreed quotas.

WTI closed at $60.46, down from $61.68 in the previous week, while Brent slipped to $63.84 from $64.79.

The market is closely watching for OPEC+ signals on potential production increases, which could lead to lower prices in the weeks ahead.

Nigeria LPG Market: Depot Prices Drop Further

Depot prices in Apapa fell further last week, trading at around N17.9 million per 20MT, with some depots selling for as low as N17.6 million as supply continues to improve.

We anticipate a continued price trend in the coming week.

Retail Market: Prices Fall

Retail LPG prices dropped last week, selling for N13,750 per 12.5kg cylinder in Lekki, down from N15,000 the previous week.

Stay connected on the LPG forum to share local retail prices and join the discussion.