<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2014-07-16</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0001523733</issuerCik>
        <issuerName>PetroLogistics LP</issuerName>
        <issuerTradingSymbol>PDH</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001548119</rptOwnerCik>
            <rptOwnerName>LG Propylene LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>630 FIFTH AVENUE , 30TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10111</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>See remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001077430</rptOwnerCik>
            <rptOwnerName>GOLDBERG ALAN E</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1></rptOwnerStreet1>
            <rptOwnerStreet2>630 FIFTH AVENUE, 30TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10111</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001332188</rptOwnerCik>
            <rptOwnerName>Lindsay Robert D</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1></rptOwnerStreet1>
            <rptOwnerStreet2>630 FIFTH AVENUE, 30TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10111</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Units representing limited partner interests</value>
            </securityTitle>
            <transactionDate>
                <value>2014-07-16</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>69690798</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>12</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See remarks</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes></footnotes>

    <remarks>On July 16, 2014, prior to the disposition of 69,690,798 common units of PetroLogistics LP (the &quot;Covered Units&quot;), LG Propylene LLC, the record and beneficial owner of the Covered Units, distributed to each of its direct or indirect members listed below (each, a &quot;Transferee&quot;), for no consideration the number of the Covered Units set forth opposite such Transferee's name below.

Lindsay Goldberg &amp; Bessemer II AIV L.P. - 36,125,390
Lindsay Goldberg &amp; Bessemer II-A AIV L.P. - 11,330,020
Lindsay Goldberg &amp; Bessemer II-A NNAIV L.P. -  18,019,906
Lindsay Goldberg &amp; Bessemer II PIV AIV L.P. - 848,067
Lindsay Goldberg &amp; Bessemer II-BT AIV L.P. - 1,825,650
Lindsay Goldberg Co-Investment II AIV L.P. - 1,491,019
Lindsay Goldberg Employee Co-Investment II, L.P. - 25,373
Dean Ventures X, L.L.C. - 25,373

Upon the consummation of the merger resulting in the disposition of the Covered Units (the &quot;Merger&quot;), by virtue of the Merger and without any action on the part of the Transferees, each Covered Unit distributed to each Transferee prior to the Merger was cancelled and converted automatically into the right to receive $12.00. In connection with the Merger, Alan E. Goldberg, Robert D. Lindsay, Lance Hirt, Jaime Buehl-Reichard and Andrew S. Weinberg resigned as members of the Board of Directors of PetroLogistics GP, LLC and as members of each committee of the Board of Directors on which they served immediately prior to the Merger.</remarks>

    <ownerSignature>
        <signatureName>/s/ Alan E. Goldberg</signatureName>
        <signatureDate>2014-07-18</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Alan E. Goldberg, authorized signatory on behalf of LG Propylene LLC</signatureName>
        <signatureDate>2014-07-18</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Robert D. Lindsay</signatureName>
        <signatureDate>2014-07-18</signatureDate>
    </ownerSignature>
</ownershipDocument>
