Weekly LPG Mont Belvieu And Nigerian LPG Price Review January 30th 2026

By Ehi Okoduwa ــ Last Update 01 February 2026

Weekly LPG Mont Belvieu Propane–Butane Market Update – January 30th, 2026

Weekly Average LPG Prices:

26/01/2026: Propane $336.5 | Butane $354.8

27/01/2026: Propane $336.5 | Butane $355.0

28/01/2026: Propane $339.6 | Butane $358.9

29/01/2026: Propane $347.8 | Butane $372.0

30/01/2026: Propane $342.1 | Butane $377.1

LPG Prices – Bullish trend continues

LPG prices continue to push upwards, sustaining the bullish momentum for the second week. While the average weekly price of Propane rose 2.2%, Butane recorded just a 1.4% increase. LPG bullish prices continue to be influenced by Crude oil prices and severe cold weather conditions in the US and Europe.

Propane: averaged $340.5/MT, down from $333.2/MT

Butane: averaged $363.6/MT, down from $358.6/MT

Crude Oil – Price Rebound sustained on Geopolitical Developments

(WTI: $65.76 | Brent: $70.84)

Oil prices continue to respond to geopolitical events in Iran, as Trump sustains his threat amid the presence of warships within striking distance. Prices touch new 2026 highs as WTI closed at 65.76, while Brent closed the week at 70.84 USD per barrel. Traders continue to speculate, anticipating an imminent strike, while others see meaningful negotiations between the Iranian authorities, who are open to talks, and their US counterparts, which could lead to a quick de-escalation of tension and a rebound to a bearish trend. An important factor to also look at is the intense cold weather conditions that have ravaged the US and Europe - this could keep prices high. Also, the suspension of crude oil export sanctions in Venezuela and the resumption of crude oil production in Kazakhstan, in late January, mean more volumes to the market.

Weekly Close:

WTI:$65.76 (up from $61.07)

Brent:$70.84 (up from $65.90)

Outlook:

Price should return to normal soon. The major factor that could sustain these prices is the Iran Geopolitical events - as soon as a sustainable agreement is reached with the US, we can see prices crashing back to sub-60 USD region.

Nigeria LPG Market – Domestic Prices sustained and unmoved, having touched 16.2 million.

Prices hit 16.2 million per 20 MT in Apapa, the same week, international LPG prices jumped. We see a response to international prices when new cargoes come in this week.

See the LPG supply report for the Year 2025.

Retail Cooking Gas – Mixed Pricing Nationwide

Retail LPG prices remained uneven across locations, ranging between 1,050/kg and 1,300/kg nationwide. Prices could rebound sharply when depot prices jump, possibly this new week.

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