Liquefied petroleum gas (LPG) is a low-carbon, long-lasting, and energy-efficient fuel. It benefits consumers, businesses, and the environment because it is a green, low-carbon, efficient, and innovative energy source. The ranking of LPG in the Product complexity index is 950th. LPG world trade in 2021 is US$ 300 Bn, the top importers were China (US $ 47.8 Bn), Japan (US $ 42.3 Bn), and India (the US $ 16.4 Bn). The top exporter was Qatar (US $ 44.2 Bn), Australia (US $ 34.1 Bn), and the United States (the US $ 32.3 Bn). LPG is more cost-effective than other traditional fuels since most of its energy is converted to heat, and it can be transported, stored, and utilised in a variety of applications, including cooking, heating, air conditioning, and transportation, as well as cigarette lighters and the Olympic torch.

Saudi Arabia’s state oil producer Aramco and Algeria’s Sonatrach raised February official selling prices for liquefied petroleum gas by 10-34% compared to January amid rising oil prices and limited global LPG supply.

Aramco’s OSP for propane rose by $200 to $790 per tonne in February, while the OSP for butane increased by $185 to $790 per tonne.