Weekly LPG Mont Belvieu And Nigerian LPG Price Review September 26th 2025

By Ehi Okoduwa ــ Last Update 28 September 2025

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Weekly Mont Belvieu Propane-Butane Market Update – September 26th, 2025

Average weekly Mont belvieu LPG Prices:

22/09/2025: Propane $357.9 | Butane $406.3

23/09/2025: Propane $360.5 | Butane $409.7

24/09/2025: Propane $365.0 | Butane $413.5

25/09/2025: Propane $363.1 | Butane $415.9

26/09/2025: Propane $368.0 | Butane $421.6

LPG Prices – Still Cautiously Bullish

LPG prices extended their upward momentum for a third consecutive week:

Propane: averaged $362.9/MT, up 1.6% from last week’s $359.2/MT.

Butane: averaged $413.4/MT, up 2.2% from last week’s $409.8/MT.

Crude Oil – Strong Rebound on Geopolitical Tensions

Crude oil prices surged at week’s end, driven by renewed geopolitical hostilities. Ukraine’s drone strikes on Russian oil facilities prompted Moscow to extend its export ban on gasoline and diesel. The escalating conflict, including reported Russian airspace incursions, has heightened market volatility and could push prices to new highs.

WTI: $66.17 (up from $63.21)

Brent: $70.50 (up from $67.06)

Outlook: While short-term sentiment has turned bullish, the medium- to long-term trend remains broadly bearish.

Nigeria LPG Market – Scarcity Triggers Price Spike

Depot prices climbed to monthly highs, hitting ₦18 million+ per 20 MT in Port Harcourt as major Lagos depots reported low or no stock. Dangote’s LPG operations remain offline amid ongoing maintenance and labour-related disruptions. Relief is expected with new NLNG cargoes arriving at Shafa Depot in Warri and Lagos terminals later this week.

Retail LPG – Prices Climb in Response to Scarcity

Retail cooking gas prices increased to around ₦1,150/kg in Lagos, with even higher rates reported in several other regions nationwide.