Kuwait’s KPC Lifts November LPG Prices, Propane to $720 a Tonne and Butane to $780

By The Edge Research Team

Kuwait Petroleum Corporation raised its November prices for propane and butane to $720 and $780 a tonne, the third monthly rise for both gases since August.

For Kuwait the November prices put a tonne of propane 51.6% above its November 2025 price, and a tonne of butane 69.6% above. In The Edge’s reading, butane is now the firmer of Kuwait’s two LPG prices: it has risen faster than propane against every comparison month in the change table below and opened a $60 premium over it.

The corporation gave the prices to the Kuwait News Agency (KUNA) on Thursday 29 October, three days before the month begins. A year earlier the November prices were announced on 2 November, after the month had started.

Butane widens its premium over propane

November’s rise was $40 a tonne for propane, or 5.9% on October. Butane rose $50, or 6.8%. The October prices on the corporation’s own website stand at $680 for propane and $730 for butane.

The gap between the two gases has moved steadily in butane’s favour. Butane now costs $60 a tonne more than propane, against $50 in October. The gap was $35 in September and $20 in August.

Measured against the propane price, butane’s premium has grown from 3.2% in August to 8.3% in November.

A year ago the order was reversed. In November 2025 butane sold at $460 a tonne, while propane fetched $475.

The discount then shrank by $5 a month through the winter. It was $10 in December and $5 in January 2026, before butane moved to a premium by August.

KPC monthly LPG prices (in $ per metric ton)

Prices as announced for each month; October 2026 as shown on the corporation’s prices page on 30 October 2026. Settings for February to July 2026 are not shown.

Prices climb 52% and 70% in a year

Set against November 2025, propane is $245 a tonne higher and butane $320 higher. Against December 2025, the rises are 45.5% and 60.8%. October’s own settings were already 37.4% and 53.7% above October 2025.

Since January, propane has gained 37.1% and butane 50.0%. More than half of each gain came in the last three settings, which added 16.1% to propane and 21.9% to butane from their August levels.

Of the last three settings, October’s was the largest step. The October settings were 8.8% above September for propane and 10.6% higher for butane. In September the rises had been 0.8% and 3.1%.

This year’s November rise turns around last year’s November cut. November 2025 prices were set below October’s, by 4.0% for propane and 3.2% for butane.

The recovery came a month later. December 2025 prices rose 4.2% for propane and 5.4% for butane. January added a further 6.1% and 7.2%.

Change in November 2026 prices (in %)

Changes are measured on the monthly prices in the table above.

Kuwait crude climbs 68.5% in a year

The two gases feed petrochemical plants and are also burned for cooking and heating, the corporation said.

The corporation says LPG prices are mainly affected by global oil prices, as well as by supply, demand and other factors.

Kuwait Export Crude was priced at $111.55 a barrel on 28 October, according to KPC’s own daily price. On the same date in 2025 it stood at $66.21, a rise of 68.5% in a year.

Over the same span butane rose 69.6% and propane 51.6%. The crude comparison rests on single trading days, so its base matters. A session earlier, on 27 October 2025, Kuwait Export Crude stood at $68.80; measured from that level, the rise is 62.1%.

Kuwait Export Crude stood at $85.00 a barrel on 29 July, the day before the August LPG prices were announced. By 28 October it had risen 31.2%. Propane gained 16.1% and butane 21.9% from August to November.

Crude’s rise from $105.39 on 29 September to 28 October was 5.8%. November’s increases were 5.9% for propane and 6.8% for butane.

Kuwait Export Crude (in $ a barrel)

Daily prices for the trading day shown, as published by the corporation.

Kuwait’s oil price stayed above $110 a barrel in Thursday’s trading, at $110.77, KUNA reported. Brent fell 44 cents to $114.88. West Texas Intermediate fell 78 cents to $102.78.

The LPG prices are monthly contract settings, while the crude figures are daily prices, so the comparisons describe direction rather than a like for like margin.

What to watch:

1 November: the November propane and butane prices take effect for the month.

Method: percentage changes, price gaps and differences not attributed to a source are The Edge’s calculations from the monthly LPG prices and daily crude prices announced by Kuwait Petroleum Corporation.

Sources: Kuwait Petroleum Corporation, Kuwait News Agency, The Edge.

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