Commercial LPG Price in Kolkata

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Kolkata

Commercial LPG
December 11, 2018
1,455.50
(Rs./19Kg cylinder)
   204.50 on Dec 01, 2018
(10 Days ago)

KOLKATA
Commercial LPG
Price Trend

DATE
PRICE
CHANGE
Dec 01, 2018
1,455.50
204.50
Nov 01, 2018
1,660.00
  97.50
Oct 01, 2018
1,562.50
  88.50
Sep 01, 2018
1,474.00
  48.00
Aug 01, 2018
1,426.00
  44.00
(Rs./19Kg cylinder)

Chart of Current Commercial LPG Prices in Kolkata

Source: Indane, Indian Oil Corporation

Prices of other Petroleum Products in Kolkata

    ProductPriceEffective Date
Petrol (IOC)72.28Dec 11, 2018
Petrol (HPCL)72.26Dec 11, 2018
Diesel (IOC)66.40Dec 11, 2018
Diesel (HPCL)66.39Dec 11, 2018
Auto LPG54.03Nov 01, 2018
Subsidised Domestic LPG (14.2kg)504.12Dec 01, 2018
Non-Subsidised Domestic LPG (14.2kg)837.00Dec 01, 2018

Kolkata Commercial LPG Prices

Commercial LPG price in Kolkata today, i.e. on December 11, 2018 is 1,455.50 Rs./19Kg cylinder

. This represents a decrease in the price of Commercial LPG by 204.50 Rs./19Kg cylinder effective from Dec 01, 2018.

In the 52 week period, the price of Commercial LPG in Kolkata (West Bengal) touched a high of 1,660.00 Rs./19Kg cylinder on Nov 01, 2018 and recorded a low of 1,212.00 Rs./19Kg cylinder on May 01, 2018.

Meanwhile, in Kolkata the Domestic LPG Subsidised price is 504.12 Rs./14.2 Kg cylinder and Domestic LPG Non-Subsidised price is 837.00 Rs./14.2 Kg cylinder as on Dec 11, 2018.

Commercial LPG Price Comparision

Today Week
ago
Month
ago
1 Year
ago
5 Years
ago
10 Years
ago
1455.50
11 Dec 2018
1455.50
4 Dec 2018
1660.00
11 Nov 2018
1354.00
11 Dec 2017
1737.50
11 Dec 2013
892.80
11 Dec 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 Kolkata

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 1404.50
Mumbai 1351.50
Chennai 1504.00
Kolkata 1455.50

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

Select Date

Commercial LPG
(Rs./19Kg cylinder)

DATE PRICE   CHANGE
Dec 01, 2018 1455.50    204.50
Nov 01, 2018 1660.00      97.50
Oct 01, 2018 1562.50      88.50
Sep 01, 2018 1474.00      48.00
Aug 01, 2018 1426.00      44.00
Jul 01, 2018 1382.00      91.00
Jun 01, 2018 1291.00      79.00
May 01, 2018 1212.00        8.50
Apr 01, 2018 1220.50      50.00
Mar 01, 2018 1270.50      74.00
Feb 01, 2018 1344.50        2.50
Jan 01, 2018 1347.00        7.00
Dec 01, 2017 1354.00      10.50
Nov 01, 2017 1343.50    147.00
Oct 01, 2017 1196.50      76.50
Sep 01, 2017 1120.00    114.00
Aug 01, 2017 1006.00      52.00
Jul 01, 2017 1058.00        5.00
Jun 01, 2017 1053.00    126.00
May 01, 2017 1179.00    146.00
Apr 01, 2017 1325.00      21.50
Mar 01, 2017 1346.50    135.50
Feb 01, 2017 1211.00      95.00
Jan 01, 2017 1116.00        0.00
Dec 01, 2016 1116.00      86.00
Nov 01, 2016 1030.00      72.00
Oct 01, 2016   958.00      52.00
Sep 17, 2016   906.00      36.00
Sep 01, 2016   942.00        0.00