That's not completely true. Yes, there are LPG systems where the power loss is huge and the mileage is horrible.
But most of modern LPG systems have just a lower mileage of 10-23% and only a few percent loss in power.
With most LPG systems you can switch between petrol and LPG any moment you like. Except when starting, almost all modern systems start on petrol and switch to LPG when the engine is hot.
Also the burning temperature of LPG is higher than petrol, so some cilinderheads/valves will need to be changed/adapted.
For this reasons in some cars you will need to add a bit of special oil as extra lubrication.
But LPG is somewhat popular in the Netherlands (a bit in europe).
For example, the fuel prices in the Netherlands, per litre:
- Petrol / standard euro95 (octane) - €1.794 / $2.088
- Diesel - €1.488 / $1.732
- LPG - €0.909 / $1.058
As you can see LPG is by far the cheapest.
Another thing to consider is the road tax, a standard Landcruiser 100/ LX470 in the Netherlands costs per year:
Petrol - €1784 - $2075 per year
Diesel - €3136 - $3647 per year
LPG (old system) - €3284 - $3819 per year
LPG G3 (new system & other natural gas) - €2852 - $3317 per year
As you can see, the savings are all in the price per litre.