Domestic LPG Subsidised Price in Chennai

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Chennai

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

CHENNAI
Domestic LPG
Subsidised Price Trend

DATE
PRICE
CHANGE
Nov 01, 2018
   493.87
    3.04
Oct 01, 2018
   490.83
    2.82
Sep 01, 2018
   488.01
    1.59
Aug 01, 2018
   486.42
    1.75
Jul 01, 2018
   484.67
    2.83
(Rs./14.2Kg cylinder)

Chart of Current Domestic LPG 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
Non-Subsidised Domestic LPG (14.2kg)958.00Nov 01, 2018
Commercial LPG (19kg)1,698.50Nov 01, 2018

Chennai Domestic LPG Subsidised Prices

Domestic LPG Subsidised price in Chennai today, i.e. on November 14, 2018 is 493.87 Rs./14.2Kg cylinder

. This represents an increase in the price of Domestic LPG Subsidised by 3.04 Rs./14.2Kg cylinder effective from Nov 01, 2018.

In the 52 week period, the price of Domestic LPG Subsidised in Chennai (Tamil Nadu) touched a high of 493.87 Rs./14.2Kg cylinder on Nov 14, 2018 and recorded a low of 479.42 Rs./14.2Kg cylinder on May 01, 2018.

Meanwhile, in Chennai the Domestic LPG Non-Subsidised price is 958.00 Rs./14.2 Kg cylinder and Commercial LPG price is 1,698.50 Rs./19 Kg cylinder as on Nov 14, 2018.

Domestic LPG Subsidised Price Comparision

Today Week
ago
Month
ago
1 Year
ago
5 Years
ago
10 Years
ago
493.87
14 Nov 2018
493.87
7 Nov 2018
490.83
14 Oct 2018
483.69
14 Nov 2017
398.00
14 Nov 2013
339.60
14 Nov 2008
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 Subsidised Prices in Chennai

Historical Graph

  • Today, India's cooking gas subsidy is the world's largest Cash Transfer Programme.

  • ~ 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 Subsidised
Prices in Metros

New Delhi 505.34
Mumbai 503.11
Chennai 493.87
Kolkata 508.70

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

Select Date

Domestic LPG Subsidised
(Rs./14.2Kg cylinder)

DATE PRICE   CHANGE
Nov 01, 2018   493.87        3.04
Oct 01, 2018   490.83        2.82
Sep 01, 2018   488.01        1.59
Aug 01, 2018   486.42        1.75
Jul 01, 2018   484.67        2.83
Jun 01, 2018   481.84        2.42
May 01, 2018   479.42        0.02
Apr 01, 2018   479.44        1.77
Mar 01, 2018   481.21        2.56
Feb 01, 2018   483.77        0.06
Jan 01, 2018   483.71        0.02
Dec 01, 2017   483.69        0.00
Nov 01, 2017   483.69        4.58
Oct 01, 2017   479.11        3.85
Sep 01, 2017   475.26        7.91
Aug 01, 2017   467.35      33.20
Jul 01, 2017   434.15        0.00
Jun 01, 2017   434.15        3.88
May 01, 2017   430.27        1.87
Apr 01, 2017   428.40        5.97
Mar 01, 2017   422.43        0.13
Feb 01, 2017   422.30        0.09
Jan 01, 2017   422.21        2.00
Dec 01, 2016   420.21        2.07
Nov 01, 2016   418.14        2.05
Oct 28, 2016   416.09        1.50
Oct 01, 2016   414.59        2.03
Sep 01, 2016   412.56        1.97
Aug 16, 2016   410.59        1.93