LPG Price in South Korea
The chart above illustrates LPG prices in South Korea, in KRW/kg, from January 2025 to January 2026, as follows:
- Propane, imp, KR: Propane, import spot, cif, South Korea
- Butane, whl, KR: Butane, wholesale spot, ddp, South Korea
- Butane (n-), imp, KR: Butane (n-butane), import spot, cfr, South Korea
- LPG, whl, KR: LPG (propane, butane and isobutane), wholesale spot, ddp, South Korea
Further information about price assessments covered can be found in the assessments guide.
Propane, imp, KR was priced at approximately 742 KRW per kg in January 2026, which marked a 3% fall compared to the previous month's value and a 6.3% decrease on a year-over-year basis.
In January 2026, the price for Butane, whl, KR was around 1,410 KRW per kg, representing a 0.2% rise from the prior month and an 8% year-over-year decrease.
Butane (n-), imp, KR registered a price of about 735 KRW per kg in January 2026, showing a 5.1% decline against the previous month's value and an 18.9% decrease when compared year-over-year.
LPG, whl, KR prices were approximately 1,840 KRW per kg in January 2026, indicating a 0.1% increase from the previous month and a 5.6% year-over-year decrease.
Recent data, updated on September 3rd, 2026, can be found in the South Korea Energy Prices & Markets Report. Updated monthly, the report provides price assessments and market analyses for LPG and other oil products, encompassing domestic supply and trade dynamics. It also covers other energy commodities in South Korea, presenting price assessments and market analyses of production, demand, trade, and South Korea's energy self-sufficiency.
Price Assessments Covered in the Report
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Current Prices
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Price Forecasts
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Historical Prices
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Beyond Prices: Market Analyses Covered
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Production & Demand
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Imports & Exports
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Energy Balance & Self-Sufficiency
Assess South Korea's energy balance and self-reliance, identifying exposure to external supply sources.
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