LPG Price in South Korea
The chart above illustrates LPG prices in South Korea, in KRW/kg, from May 2024 to May 2025, as follows:
- Propane, imp, KR: Propane, import spot, cif, South Korea
- Butane (n-), imp, KR: Butane (n-butane), import spot, cfr, South Korea
- Butane, whl, KR: Butane, wholesale spot, ddp, 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.
The Propane, imp, KR price was approximately 712 KRW per kg in May 2025. This reflected a 6.9% decrease when compared to the previous month's value, and a 5.9% decline on a year-over-year basis.
Butane (n-), imp, KR price was around 696 KRW per kg in May 2025. This represented a 1% increase from the prior month's value, while showing a 4.1% decrease year-over-year.
In May 2025, the Butane, whl, KR price reached about 1,500 KRW per kg. This marked a 5% fall from the previous month, but an 8.3% rise compared to the same period last year.
The LPG, whl, KR price stood at approximately 2,010 KRW per kg in May 2025. This figure indicated a 1% increase compared to the preceding month, alongside a 2.2% year-over-year rise.
Recent data, updated on December 4th, 2025, 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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