The Peru LPG market reached around 1.67 Million Tons in 2024. The market is projected to grow at a CAGR of 1.70% between 2025 and 2034, reaching almost 1.98 Million Tons by 2034.
Base Year
Historical Year
Forecast Year
LPG is expected to find increasing application in Peru’s automotive sector.
Latin America accounts for 9% of the global LPG demand, at 27MMT annually.
In August 2023, LPG was the second most popular fuel by sales in Peru (after diesel), constituting 21% of all sales.
Value in Million Tons
2025-2034
Peru LPG Market Outlook
*this image is indicative*
The residential and commercial demand for LPG constitutes 80% of the overall consumption in Latin America. This is in stark contrast to other countries like the United States and China, where the commercial and residential demand for LPG represents just 29% and 49% of the overall consumption respectively.
There are 650,000+ LPG-powered vehicles in Peru, which constitute 38% of the total LPG demand in the country. The annual consumption of LPG in Peru is 2 million tons. The expansion of the existing network of LPG refuelling stations (1500 at present) is also promoting the usage of LPG as a cheaper and much more eco-friendly alternative to gas and diesel.
LPG results in 30% more savings as compared to low-sulphur diesel and minimises carbon emissions. Commercial careers are major end users of LPG, and their expansion is expected to promote the market growth, as per the SPLG (Peruvian Liquefied Gas Association).
In 2022, the government of Peru raised the value of its LPG cylinder discount voucher for low-income households from PEN 20 to PEN 25. Such measures, implemented during times of energy crises, are expected to sustain the demand for LPG over the forecast period.
Peru LPG Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Source:
Market Breakup by Application:
Based on application, the market is divided into residential, commercial, industrial, and transport, among others. Over the forecast period, residential application of LPG is expected to dominate the market, due to the growing demand for safe fuels within households for cooking and heating purposes.
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.
Major market players are expected to rely on refineries for making LPG over the forecast period.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached nearly 1.67 Million Tons in 2024.
The market is projected to grow at a CAGR of 1.70% between 2025 and 2034.
The market is assessed to witness a healthy growth in the forecast period to reach around 1.98 Million Tons in 2034.
The different sources of LPG in the market include refinery, associated gas, and non-associated gas.
The different applications of LPG include residential, commercial, industrial, and transport, among others.
The key market players are Repsol S.A., Petroperú S.A., and Shell Plc, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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| Breakup by Application |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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