Commercial LPG Price in Mumbai

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Mumbai

Commercial LPG
December 11, 2018
1,351.50
(Rs./19Kg cylinder)
   206.50 on Dec 01, 2018
(10 Days ago)

MUMBAI
Commercial LPG
Price Trend

DATE
PRICE
CHANGE
Dec 01, 2018
1,351.50
206.50
Nov 01, 2018
1,558.00
  95.00
Oct 01, 2018
1,463.00
  86.00
Sep 01, 2018
1,377.00
  47.50
Aug 01, 2018
1,329.50
  43.00
(Rs./19Kg cylinder)

Chart of Current Commercial LPG Prices in Mumbai

Source: Indane, Indian Oil Corporation

Prices of other Petroleum Products in Mumbai

    ProductPriceEffective Date
Petrol (IOC)75.80Dec 11, 2018
Petrol (HPCL)75.79Dec 11, 2018
Diesel (IOC)67.66Dec 11, 2018
Diesel (HPCL)67.64Dec 11, 2018
Auto LPG55.41Nov 01, 2018
Subsidised Domestic LPG (14.2kg)498.57Dec 01, 2018
Non-Subsidised Domestic LPG (14.2kg)780.50Dec 01, 2018

Mumbai Commercial LPG Prices

Commercial LPG price in Mumbai today, i.e. on December 11, 2018 is 1,351.50 Rs./19Kg cylinder

. This represents a decrease in the price of Commercial LPG by 206.50 Rs./19Kg cylinder effective from Dec 01, 2018.

In the 52 week period, the price of Commercial LPG in Mumbai (Maharashtra) touched a high of 1,558.00 Rs./19Kg cylinder on Nov 01, 2018 and recorded a low of 1,119.00 Rs./19Kg cylinder on May 01, 2018.

Meanwhile, in Mumbai the Domestic LPG Subsidised price is 498.57 Rs./14.2 Kg cylinder and Domestic LPG Non-Subsidised price is 780.50 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
1351.50
11 Dec 2018
1351.50
4 Dec 2018
1558.00
11 Nov 2018
1269.50
11 Dec 2017
1755.00
11 Dec 2013
864.90
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 Mumbai

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 1351.50    206.50
Nov 01, 2018 1558.00      95.00
Oct 01, 2018 1463.00      86.00
Sep 01, 2018 1377.00      47.50
Aug 01, 2018 1329.50      43.00
Jul 01, 2018 1286.50      90.50
Jun 01, 2018 1196.00      77.00
May 01, 2018 1119.00        9.00
Apr 01, 2018 1128.00      53.00
Mar 01, 2018 1181.00      76.00
Feb 01, 2018 1257.00        4.50
Jan 01, 2018 1261.50        8.00
Dec 01, 2017 1269.50        1.00
Nov 01, 2017 1268.50    146.50
Oct 01, 2017 1122.00      76.50
Sep 01, 2017 1045.50    115.00
Aug 01, 2017   930.50      51.50
Jul 11, 2017   982.00      16.50
Jul 01, 2017   998.50      49.50
Jun 01, 2017 1048.00    135.00
May 01, 2017 1183.00    156.50
Apr 01, 2017 1339.50      23.50
Mar 01, 2017 1363.00    148.00
Feb 01, 2017 1215.00    103.00
Jan 01, 2017 1112.00        0.50
Dec 01, 2016 1111.50      93.00
Nov 01, 2016 1018.50      79.00
Oct 01, 2016   939.50      57.50
Sep 17, 2016   882.00        7.50