Domestic LPG Non-Subsidised Price in Chennai

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Chennai

Domestic LPG
Non-Subsidised
November 14, 2018
958.00
(Rs./14.2Kg cylinder)
   62.00 on Nov 01, 2018
Subsidised Price: 493.87

CHENNAI
Domestic LPG
Non-Subsidised Price Trend

DATE
PRICE
CHANGE
Nov 01, 2018
   958.00
  62.00
Oct 01, 2018
   896.00
  57.50
Sep 01, 2018
   838.50
  32.50
Aug 01, 2018
   806.00
  35.50
Jul 01, 2018
   770.50
  58.00
(Rs./14.2Kg cylinder)

Chart of Current Domestic LPG Non-Subsidised 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
Commercial LPG (19kg)1,698.50Nov 01, 2018

Chennai Domestic LPG Non-Subsidised Prices

Domestic LPG Non-Subsidised price in Chennai today, i.e. on November 14, 2018 is 958.00 Rs./14.2Kg cylinder

. This represents an increase in the price of Domestic LPG Non-Subsidised by 62.00 Rs./14.2Kg cylinder effective from Nov 01, 2018.

In the 52 week period, the price of Domestic LPG Non-Subsidised in Chennai (Tamil Nadu) touched a high of 958.00 Rs./14.2Kg cylinder on Nov 14, 2018 and recorded a low of 663.00 Rs./14.2Kg cylinder on May 01, 2018.

Meanwhile, in Chennai the Domestic LPG Subsidised price is 493.87 Rs./14.2 Kg cylinder and Commercial LPG price is 1,698.50 Rs./19 Kg cylinder as on Nov 14, 2018.

Domestic LPG Non-Subsidised Price Comparision

Today Week
ago
Month
ago
1 Year
ago
5 Years
ago
10 Years
ago
958.00
14 Nov 2018
958.00
7 Nov 2018
896.00
14 Oct 2018
750.00
14 Nov 2017
N/A
N/A
Rs./14.2Kg 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 Domestic LPG Non-Subsidised Prices in Chennai

Historical Graph

  • I thank the 1 crore families for giving up LPG subsidy for the poor. It's not a small thing.

  • ~ 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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Domestic LPG Non-Subsidised
Prices in Metros

New Delhi 939.00
Mumbai 912.00
Chennai 958.00
Kolkata 969.50

(Rs./14.2Kg cylinder)
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Domestic LPG Non-Subsidised
Historical Price

Select Date

Domestic LPG Non-Subsidised
(Rs./14.2Kg cylinder)

DATE PRICE   CHANGE
Nov 01, 2018   958.00      62.00
Oct 01, 2018   896.00      57.50
Sep 01, 2018   838.50      32.50
Aug 01, 2018   806.00      35.50
Jul 01, 2018   770.50      58.00
Jun 01, 2018   712.50      49.50
May 01, 2018   663.00        0.50
Apr 01, 2018   663.50      36.00
Mar 01, 2018   699.50      46.50
Feb 01, 2018   746.00        4.50
Jan 01, 2018   750.50        5.50
Dec 01, 2017   756.00        6.00
Nov 01, 2017   750.00      93.50
Oct 01, 2017   656.50      49.50
Sep 01, 2017   607.00      74.00
Aug 01, 2017   533.00      26.50
Jul 01, 2017   559.50        0.00
Jun 01, 2017   559.50      79.00
May 01, 2017   638.50      93.00
Apr 01, 2017   731.50      15.00
Mar 01, 2017   746.50      85.50
Feb 01, 2017   661.00      66.50
Jan 01, 2017   594.50        1.00
Dec 01, 2016   593.50      55.00
Nov 01, 2016   538.50      37.50
Oct 28, 2016   501.00        2.00
Oct 01, 2016   499.00      21.50
Sep 01, 2016   477.50      22.00
Aug 16, 2016   499.50      51.00