Global LPG Price Trends & Updates – Q2 2026
LPG Prices in 2026 moved on an upward trajectory during Q2, supported by stronger consumption, active procurement, export demand, and tighter supply conditions in several major markets. The LPG Price Trend tracked by IMARC Group shows firmer pricing across the major markets covered in the quarter. The Saudi LPG benchmark also increased about 46% between February and June 2026, highlighting the impact of supply disruptions and higher freight costs.
Regional LPG Price Snapshot: Q2 2026
- USA:Â USD 697/MT
- China:Â USD 834/MT
- India:Â USD 1324/MT
- Japan:Â USD 700/MT
- South Korea:Â USD 635/MT
The regional spread shows significant differences in procurement costs. India recorded the highest quoted price at USD 1324/MT, while South Korea was the lowest at USD 635/MT. China also remained above the USA and Japan, reflecting firm downstream and petrochemical demand. Overall, the range points to differences in import exposure, freight costs, consumption intensity, and local supply availability.
Q2 2026 LPG Price Analysis: USA, Asia-Pacific and South America
North America LPG Prices: USA
The USA recorded LPG prices of USD 697/MT in Q2 2026. Prices followed an upward direction as domestic consumption remained healthy and export activity supported demand. Petrochemical requirements and strong overseas commitments helped absorb available volumes, keeping market sentiment firm.
Asia-Pacific LPG Prices: China, India and Japan
China reported USD 834/MT, supported by active procurement from petrochemical producers and fuel distribution channels. India recorded the highest regional price at USD 1324/MT, reflecting strong residential, commercial, and industrial consumption alongside tighter market conditions. Japan stood at USD 700/MT, with stable energy consumption and regular industrial and residential procurement supporting prices.
South America LPG Prices: Brazil
Brazil is identified in the requested regional structure, but no verified Q2 2026 Brazil price was provided in the supplied dataset. Therefore, a numerical price or trend direction is not assigned here to avoid introducing unverified data. Procurement conditions in Latin American markets can vary with import dependence, freight rates, and regional supply availability.
LPG Supply and Demand Overview – Q2 2026
Supply-demand conditions remained broadly supportive of firmer LPG prices during Q2. In North America, strong exports helped maintain demand for propane and related products, while Asia-Pacific markets showed active import purchasing. China and India were particularly important demand centers, with petrochemical, residential, commercial, and industrial users supporting procurement.
At the same time, disruptions affecting Middle Eastern supply increased replacement-cargo requirements and freight costs. India experienced a sharp rise in its Saudi LPG benchmark, while higher international costs also affected domestic LPG economics.
LPG Price Trend & Historical Analysis: Q2 2026 Index Movement
The quarterly index showed a stronger Q2 direction compared with the softer conditions seen in several earlier periods. IMARC Group’s Q2 2026 price-tracking database and methodology indicate upward movement across the principal markets covered in its regional assessment. North America and Asia-Pacific both recorded firmer pricing during Q2, supported by demand and procurement activity.
The historical comparison also highlights how supply-side events can rapidly change LPG pricing. Saudi Arabia’s blended LPG benchmark increased from USD 542.50/MT in February to USD 790/MT in June, representing an increase of about 46%.
LPG Price Chart: What Does the Q2 Movement Show?
The Q2 pricing chart shows India at the top of the supplied country range, followed by China, Japan, the USA, and South Korea. The USD 689/MT gap between India’s USD 1324/MT and South Korea’s USD 635/MT demonstrates how significantly regional supply structures, import requirements, freight exposure, and downstream demand can affect procurement costs.
LPG Price Forecast 2026: Next 12 Months
Over the next 12 months, LPG prices are likely to remain sensitive to crude and natural gas-linked energy costs, Middle Eastern production, shipping conditions, export availability, and Asian import demand. A sustained recovery in petrochemical operating rates could provide additional upside, particularly in China and other major importing economies.
However, increased U.S. production and exports could provide additional supply and limit excessive price escalation. Procurement teams should therefore monitor both regional physical availability and benchmark movements rather than relying on a single global price indicator.
Key Factors Affecting LPG Prices: Quarterly Perspective
Several factors are likely to influence pricing through the coming quarters:
- Energy costs:Â Crude oil and natural gas movements affect LPG production economics and benchmark pricing.
- Petrochemical demand:Â Propane and butane consumption from petrochemical producers can materially change regional demand.
- Freight costs:Â Longer shipping routes and disruptions can raise delivered LPG costs.
- Supply availability:Â Refinery output, gas processing volumes, and export commitments influence regional balances.
- Geopolitical risks:Â Disruptions around major shipping routes can quickly increase replacement costs.
- Seasonal demand:Â Residential heating and cooking demand can strengthen procurement during peak periods.
What Is LPG And Why Does Its Price Matter?
Liquefied petroleum gas (LPG) is primarily composed of propane, butane, or a mixture of both. It is widely used for cooking, heating, transportation, industrial applications, and as a petrochemical feedstock. Its price is important for manufacturers, distributors, energy companies, restaurants, households, and chemical producers because changes in LPG costs can affect operating expenses and downstream product pricing.
Recent Developments in Q2 2026
Q2 was marked by significant supply-chain and benchmark-price developments. Middle Eastern supply disruptions increased international LPG costs, while longer replacement routes contributed to higher freight exposure. India’s Saudi LPG benchmark rose sharply between February and June, while commercial LPG prices also responded to higher international costs.
Meanwhile, U.S. production and export availability remained important counterweights to tighter Middle Eastern supply. In Asia, strong import purchasing and petrochemical requirements supported firmer pricing during the quarter.
FAQs About LPG Prices 2026 & Market Insights:
What was the LPG Price Trend in Q2 2026?
LPG prices generally moved upward across the major markets covered by IMARC Group during Q2 2026. Strong demand, active procurement, export activity, and supply disruptions supported firmer pricing.
What does the LPG Price Chart show for Q2 2026?
The Q2 pricing data shows India at USD 1324/MT, China at USD 834/MT, Japan at USD 700/MT, the USA at USD 697/MT, and South Korea at USD 635/MT. The spread reflects differences in regional demand, supply availability, and import costs.
What is the LPG Price Forecast 2026?
The outlook remains sensitive to energy costs, Middle Eastern supply, freight conditions, U.S. exports, and Asian demand. Prices could remain firm if supply disruptions persist, while stronger production and improved logistics could moderate upward pressure.
How IMARC Helps Track LPG Pricing
IMARC Group provides regional LPG price intelligence covering historical movements, quarterly pricing, supply-demand conditions, and market drivers. Its Q2 2026 price-tracking methodology supports comparison across major markets and helps procurement teams evaluate regional cost differences. Going forward, monitoring benchmark prices, freight conditions, supply disruptions, and downstream demand will be critical for assessing LPG procurement costs and pricing risks.
Explore pricing coverage across 500+ commodities: https://www.imarcgroup.com/pricing-market-reports
Contact Us:
IMARC Group
134 N 4th St., Brooklyn, NY 11249, USA
Email: sales[@]imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-201971-6302