Commercial LPG Price in Chennai

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Chennai

Commercial LPG
November 14, 2018
1,698.50
(Rs./19Kg cylinder)
   96.50 on Nov 01, 2018
(13 Days ago)

CHENNAI
Commercial LPG
Price Trend

DATE
PRICE
CHANGE
Nov 01, 2018
1,698.50
  96.50
Oct 01, 2018
1,602.00
  87.00
Sep 01, 2018
1,515.00
  47.00
Aug 01, 2018
1,468.00
  43.50
Jul 01, 2018
1,424.50
  90.50
(Rs./19Kg cylinder)

Chart of Current Commercial LPG Prices in Chennai

Source: Indane, Indian Oil Corporation

Prices of other Petroleum Products in Chennai

    ProductPriceEffective Date
Petrol (IOC)80.42Nov 14, 2018
Petrol (HPCL)80.51Nov 14, 2018
Diesel (IOC)76.30Nov 14, 2018
Diesel (HPCL)76.39Nov 14, 2018
Auto LPG50.12Oct 01, 2018
Subsidised Domestic LPG (14.2kg)493.87Nov 01, 2018
Non-Subsidised Domestic LPG (14.2kg)958.00Nov 01, 2018

Chennai Commercial LPG Prices

Commercial LPG price in Chennai today, i.e. on November 14, 2018 is 1,698.50 Rs./19Kg cylinder

. This represents an increase in the price of Commercial LPG by 96.50 Rs./19Kg cylinder effective from Nov 01, 2018.

In the 52 week period, the price of Commercial LPG in Chennai (Tamil Nadu) touched a high of 1,698.50 Rs./19Kg cylinder on Nov 14, 2018 and recorded a low of 1,256.00 Rs./19Kg cylinder on May 01, 2018.

Meanwhile, in Chennai the Domestic LPG Subsidised price is 493.87 Rs./14.2 Kg cylinder and Domestic LPG Non-Subsidised price is 958.00 Rs./14.2 Kg cylinder as on Nov 14, 2018.

Commercial LPG Price Comparision

Today Week
ago
Month
ago
1 Year
ago
5 Years
ago
10 Years
ago
1698.50
14 Nov 2018
1698.50
7 Nov 2018
1602.00
14 Oct 2018
1391.50
14 Nov 2017
1773.00
14 Nov 2013
1251.55
14 Nov 2008
Rs./19Kg cylinder

How are LPG Prices determined in India?

The Current Retail Selling Price of Domestic LPG cylinder is determined by the Oil Marketing Companies (OMCs). The OMCs pay Refinery Gate Price (RPG) based on the Import Parity Price (IPP) for purchase of LPG. Import Parity Price is calculated on the basis of prevailing LPG prices in the International market.

In addition to the Refinery Gate Price, the Oil Marketing Companies also add Storage & Distribution Cost, Bottling Charges, Cylinder Cost ,Inland Freight, Delivery Charges, Distributor Commission and other Uncompensated Costs to arrive at the Retail Selling Price of Domestic LPG cylinder.

Domestic LPG cylinders is painted with Signal Red colour and contain 14.2kg of LPG, whereas commercial LPG cylinders are painted with Oxford Blue colour and contain 19kg of LPG. LPG sold for domestic purpose is subsidized by the Government. The Commercial LPG is sold to trade and commercial establishments at unsubsidized or market determined prices decided by the OMCs.


Chart of Historical Commercial LPG Prices in Chennai

Historical Graph

  • We need to cut subsidy leakages, not subsidies themselves.

  • ~ Narendra Modi


Historical LPG Price Trend of India

In the 1970s Government of India introduced regulatory controls on production, imports, distribution and pricing of crude oil and petroleum products in India. This led to implementation of Administered Price Mechanism (APM) in the oil sector. Under APM , the Government of India was fixing (Artificial price fixing) the prices of Petroleum products. Hence the price rise or reduction was based on political decision of the present government and not on sound economic decision.

Government announced the dismantling of the Administered Pricing Mechanism (APM) effective April 01, 2002. But in order to insulate the Domestic LPG prices from the impact of unprecedented high international oil prices, the Government decided to provide subsidy on sale of domestic LPG at specified flat rates under the Budget. This resulted in huge subsidy / under-recovery burden arising out of selling petroleum products at a price below the prevailing international prices to the Govt of India through budgetary support, Public Sector Upstream Oil companies namely, Oil and Natural Gas Corporation (ONGC), Oil India Limited (OIL) and GAIL (India) Limited (GAIL) by way of price discount on Crude oil and products and Public Sector Oil Marketing Companies, by absorbing a part of the under recovery.

Government of India launched Direct Benefit Transfer for LPG consumer (DBTL) scheme namely, ‘PAHAL’ on 1 Jan 2015. LPG consumers, who join the PAHAL scheme, will get the LPG cylinders at non-subsidized price and receive LPG subsidy (as per their entitlement) directly into their bank accounts. After introduction of DBTL, the state aim of Govt is that there will be no under-recovery burden on National Oil Companies (both upstream and downstream) and entire burden of subsidy on sale of Subsidized Domestic LPG will be borne by the Government.


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Commercial LPG
Prices in Metros

New Delhi 1606.50
Mumbai 1558.00
Chennai 1698.50
Kolkata 1660.00

(Rs./19Kg cylinder)
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Commercial LPG
Historical Price

Select Date

Commercial LPG
(Rs./19Kg cylinder)

DATE PRICE   CHANGE
Nov 01, 2018 1698.50      96.50
Oct 01, 2018 1602.00      87.00
Sep 01, 2018 1515.00      47.00
Aug 01, 2018 1468.00      43.50
Jul 01, 2018 1424.50      90.50
Jun 01, 2018 1334.00      78.00
May 01, 2018 1256.00        8.50
Apr 01, 2018 1264.50      42.50
Mar 01, 2018 1307.00      77.50
Feb 01, 2018 1384.50        5.00
Jan 01, 2018 1389.50        9.50
Dec 01, 2017 1399.00        7.50
Nov 01, 2017 1391.50    147.00
Oct 01, 2017 1244.50      77.50
Sep 01, 2017 1167.00    115.00
Aug 01, 2017 1052.00      51.00
Jul 01, 2017 1103.00      71.50
Jun 01, 2017 1174.50    135.50
May 01, 2017 1310.00    158.00
Apr 01, 2017 1468.00      18.50
Mar 01, 2017 1486.50    148.50
Feb 01, 2017 1338.00    104.50
Jan 01, 2017 1233.50        2.00
Dec 01, 2016 1231.50      94.50
Nov 01, 2016 1137.00      80.50
Oct 01, 2016 1056.50      59.50
Sep 17, 2016   997.00      36.50
Sep 01, 2016 1033.50        0.00
Aug 16, 2016 1033.50      99.50