Domestic LPG Non-Subsidised Price in Mumbai

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Mumbai

Domestic LPG
Non-Subsidised
March 26, 2019
673.50
(Rs./14.2Kg cylinder)
   43.50 on Mar 01, 2019
Subsidised Price: 493.32

MUMBAI
Domestic LPG
Non-Subsidised Price Trend

DATE
PRICE
CHANGE
Mar 01, 2019
   673.50
  43.50
Feb 01, 2019
   630.00
  30.00
Jan 01, 2019
   660.00
120.50
Dec 01, 2018
   780.50
131.50
Nov 01, 2018
   912.00
  61.00
(Rs./14.2Kg cylinder)

Chart of Current Domestic LPG Non-Subsidised Prices in Mumbai

Source: Indane, Indian Oil Corporation

Prices of other Petroleum Products in Mumbai

ProductCompany     PriceEffective Date
Auto LPGIOCL     41.62Feb 01, 2019
Subsidised Domestic LPG (14.2kg)Indane   493.32Mar 01, 2019
Non-Subsidised Domestic LPG (14.2kg)Indane   673.50Mar 01, 2019
Commercial LPG (19kg)Indane1,185.00Mar 01, 2019

Mumbai Domestic LPG Non-Subsidised Prices

price in Mumbai today, i.e. on March 01, 2019 is 673.50 Rs./14.2Kg cylinder. This represents an increase in the price of by 43.50 Rs./14.2Kg cylinder effective from Mar 01, 2019.

In the 52 week period, the price of in Mumbai (Maharashtra) touched a high of Rs./14.2Kg cylinder on and recorded a low of Rs./14.2Kg cylinder on .

Meanwhile, in Mumbai the Domestic LPG Subsidised price is 493.32 Rs./14.2 Kg cylinder and Commercial LPG price is 1,185.00 Rs./19 Kg cylinder as on Mar 26, 2019.

Price Comparision

Today Week
ago
Month
ago
1 Year
ago
5 Years
ago
10 Years
ago
673.50
673.50
19 Mar 2019
630.00
26 Feb 2019
661.00
26 Mar 2018
1167.50
26 Mar 2014
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 Mumbai

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 701.50
Mumbai 673.50
Chennai 717.00
Kolkata 727.50

(Rs./14.2Kg cylinder)
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Historical Price of
 in

Select Date

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

673.50

DATE PRICE   CHANGE
Mar 01, 2019   673.50      43.50
Feb 01, 2019   630.00      30.00
Jan 01, 2019   660.00    120.50
Dec 01, 2018   780.50    131.50
Nov 01, 2018   912.00      61.00
Oct 01, 2018   851.00      56.00
Sep 01, 2018   795.00      30.50
Aug 01, 2018   764.50      36.00
Jul 01, 2018   728.50      57.00
Jun 01, 2018   671.50      48.50
May 01, 2018   623.00        2.00
Apr 01, 2018   625.00      36.00
Mar 01, 2018   661.00      47.00
Feb 01, 2018   708.00        5.00
Jan 01, 2018   713.00        6.00
Dec 01, 2017   719.00        0.50
Nov 01, 2017   718.50      93.50
Oct 01, 2017   625.00      49.00
Sep 01, 2017   576.00      73.50
Aug 01, 2017   502.50      40.50
Jul 11, 2017   543.00      10.50
Jul 01, 2017   553.50        0.50
Jun 01, 2017   554.00      81.00
May 01, 2017   635.00      94.50
Apr 01, 2017   729.50      15.00
Mar 01, 2017   744.50      88.50
Feb 01, 2017   656.00      68.00
Jan 01, 2017   588.00        1.00
Dec 01, 2016   587.00      56.00