Weekly LPG Mont Belvieu And Nigerian LPG Price Review October 3rd 2025

By Ehi Okoduwa ــ Last Update 05 October 2025

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Weekly Mont Belvieu Propane-Butane Market Update – October 3rd, 2025

Weekly Average LPG Prices:

LPG Prices Retrace Mildly

LPG prices retraced mildly after a steady but modest increase over the previous three weeks:

Propane: averaged $353.4/MT, down 2.6% from last week’s $362.9/MT.
Butane: averaged $397.7/MT, down 3.8% from last week’s $413.4/MT.

LPG prices largely remain rangebound. On how this could affect LPG pricing in Nigeria - prices should remain stable in the near term.

Crude Oil – Significant Drop in Prices on Supply Concerns

Crude oil futures closed the week sharply lower, pressured by renewed supply concerns and a weaker global demand outlook. After climbing to a seven-week high early in the week, WTI crude reversed course as speculation about a possible OPEC+ production increase, the resumption of Kurdish exports, and signs of slowing global consumption weighed heavily on prices. By Thursday, the market had logged four consecutive days of losses, turning sentiment decisively bearish.

Crude oil prices closed the week lower than the previous week:

WTI: $60.98 (down from $66.17)
Brent: $64.65 (down from $70.50)

Nigeria LPG Market – Sustained Scarcity as Dangote Resumes Supply

Depot prices hit a new monthly high, reaching ₦19 million per 20MT in Port Harcourt. LPG was delivered into Apapa during the week as Dangote Refinery resumed supplies; however, this did not ease the scarcity that gripped the retail market. The supply break from Dangote—caused by the faulty RFCC—triggered weeks of tightening supply. Offtakers lifted LPG at Dangote at slightly above ₦16 million per 20MT, but the relatively lower depot price failed to translate into relief for end users as retailers leveraged the scarcity to hike prices.

Retail LPG – Retailers Capitalize on Scarcity

Retail cooking gas prices surged to about ₦2,000/kg in Lagos, with even higher rates reported in several other regions nationwide. Port Harcourt, however, remained steadier at around ₦1,200/kg. This spike in retail prices is expected to be temporary, with forecasts suggesting a return to approximately ₦1,100 per kg within a week as supply improves