Weekly LPG Mont Belvieu And Nigerian LPG Price Review March 7th 2025

By Godwin Okoduwa ــ Last Update 09 March 2025

Weekly Mont Belvieu Propane-Butane Price Overview: March 7th, 2025

Here’s a summary of this week’s LPG price trends, with daily average prices for propane and butane:

03/03/2024: Propane $469.6 / Butane $440.0

04/03/2024: Propane $457.2 / Butane $420.2

05/03/2025: Propane $439.9 / Butane $413.8

06/03/2025: Propane $441.4 / Butane $410.2

07/03/2025: Propane $446.1 / Butane $417.2

LPG Price Trends

This week, propane and butane prices experienced a decline compared to the previous week.

Propane prices averaged $450.8/MT, down 7.2% from the previous week's $485.9/MT, while Butane prices averaged $420.3/MT, down 9.2% from the last week's $463.0/MT.

Key Insights:

Both propane and butane showed continued weakness, with butane experiencing a steeper drop.

Increased supply or weak demand may have contributed to the price drop.

The price gap between propane and butane has widened, with propane maintaining a premium.

Crude Oil Price Movements

WTI closed at $68.50 down 1.2% from the previous week's $69.36, while Brent settled at $72.90 declining from $73.08 the prior week.

Market Factors responsible for the drop in prices include, Weak Demand Signals from China, which has dampened market sentiment, Rising production from non-OPEC sources which continues to exert downward pressure and the absence of major disruptions which has kept prices from surging.

Outlook for the Coming Weeks:

LPG Prices may stabilize or slightly rebound if demand strengthens.

Crude Oil price volatility is expected as global economic indicators and OPEC+ strategies shape market direction.

Nigeria LPG depot prices continue to find new lower levels.

LPG depot prices in Apapa declined compared to last week, with some depots selling as low as 16.6 million Naira per 20MT. Prices at Dangote Refinery remained stable, ranging between 16.5 and 16.7 million Naira per 20MT. Stockgap Depot in Port Harcourt also held steady, selling between 17.5 and 17.6 million Naira per 20MT throughout the week. LPG prices are expected to remain stable in the coming week, as domestic market conditions continue to drive pricing with minimal influence from international trends.

LPG Retail Prices steady.

Retail LPG prices showed varying trend within Lagos; selling from as low as N12,000 to as much as 16,000/12.5kg, but generally, retail prices at 14,000/12.5kg levels nationwide.

Visit the LPG forum to share local Retail prices and participate in the discussion.