Propane or liquefied petroleum gas (LPG) (C3H8) is a three-carbon alkane which is derived as a co-product of crude oil and natural gas refining. The gas is a member of the hydrocarbon family and is colourless and odourless.

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Its respective melting and boiling point is -187.7°C (-305.9°F) and -42.25°C (-44.05°F). It does not dissolve in water but has solubility in organic solvents like acetone and ethanol.

Key Details About the Propane Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Propane price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Propane Price chart, including India Propane price, USA Propane price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Propane Price Trend:

The Propane Price Trend and Propane Price Index are influenced by various factors. Propane, a crucial feedstock for petrochemicals like propylene and polypropylene, as well as a refrigerant, exhibits a significant impact on Propane Prices. Its versatility as a clean-burning fuel makes it a desirable substitute for petrol and diesel in vehicles, impacting the Price Trend. Moreover, Propane Prices are affected by its widespread use in heating residential, commercial, and industrial spaces. The Price Graph also reflects its role in agricultural and industrial applications, powering kilns, forklifts, boilers, and irrigation pumps. Other determinants impacting Propane Prices include agricultural production, industrial output, economic growth, fuel pricing, environmental regulations, and the availability of alternative fuels.

Key Players:

  • AmeriGas Propane, Inc
  • Royal Dutch Shell (Shell)
  • Saudi Arabian Oil Co
  • GAIL (India) Limited
  • China Petrochemical Corporation (SINOPEC)

News & Recent Development

  • 1 June 2023- Propane price reduction by Saudi Aramco negatively impacted Gujarat gas, bringing costs to $9.8 per MMBtu in the Morbi region.

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