Domestic LPG Subsidised Price in Kolkata

Fuel Icon

Kolkata

Domestic LPG
Subsidised
November 14, 2018
508.70
(Rs./14.2Kg cylinder)
   3.06 on Nov 01, 2018
Non-Subsidised Price: 969.50

KOLKATA
Domestic LPG
Subsidised Price Trend

DATE
PRICE
CHANGE
Nov 01, 2018
   508.70
    3.06
Oct 01, 2018
   505.64
    2.85
Sep 01, 2018
   502.79
    1.54
Aug 01, 2018
   501.25
    1.77
Jul 01, 2018
   499.48
    2.83
(Rs./14.2Kg cylinder)

Chart of Current Domestic LPG Subsidised Prices in Kolkata

Source: Indane, Indian Oil Corporation

Prices of other Petroleum Products in Kolkata

    ProductPriceEffective Date
Petrol (IOC)79.36Nov 14, 2018
Petrol (HPCL)79.45Nov 14, 2018
Diesel (IOC)74.05Nov 14, 2018
Diesel (HPCL)74.13Nov 14, 2018
Auto LPG51.00Oct 01, 2018
Non-Subsidised Domestic LPG (14.2kg)969.50Nov 01, 2018
Commercial LPG (19kg)1,660.00Nov 01, 2018

Kolkata Domestic LPG Subsidised Prices

Domestic LPG Subsidised price in Kolkata today, i.e. on November 14, 2018 is 508.70 Rs./14.2Kg cylinder

. This represents an increase in the price of Domestic LPG Subsidised by 3.06 Rs./14.2Kg cylinder effective from Nov 01, 2018.

In the 52 week period, the price of Domestic LPG Subsidised in Kolkata (West Bengal) touched a high of 508.70 Rs./14.2Kg cylinder on Nov 14, 2018 and recorded a low of 494.23 Rs./14.2Kg cylinder on May 01, 2018.

Meanwhile, in Kolkata the Domestic LPG Non-Subsidised price is 969.50 Rs./14.2 Kg cylinder and Commercial LPG price is 1,660.00 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
508.70
14 Nov 2018
508.70
7 Nov 2018
505.64
14 Oct 2018
498.43
14 Nov 2017
412.50
14 Nov 2013
352.05
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 Kolkata

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.


Advertisment

Domestic LPG Subsidised
Prices in Metros

New Delhi 505.34
Mumbai 503.11
Chennai 493.87
Kolkata 508.70

(Rs./14.2Kg cylinder)
Advertisment

Domestic LPG Subsidised
Historical Price

Select Date

Domestic LPG Subsidised
(Rs./14.2Kg cylinder)

DATE PRICE   CHANGE
Nov 01, 2018   508.70        3.06
Oct 01, 2018   505.64        2.85
Sep 01, 2018   502.79        1.54
Aug 01, 2018   501.25        1.77
Jul 01, 2018   499.48        2.83
Jun 01, 2018   496.65        2.42
May 01, 2018   494.23        0.10
Apr 01, 2018   494.33        1.74
Mar 01, 2018   496.07        2.53
Feb 01, 2018   498.60        0.11
Jan 01, 2018   498.49        0.06
Dec 01, 2017   498.43        0.00
Nov 01, 2017   498.43        4.60
Oct 01, 2017   493.83        3.84
Sep 01, 2017   489.99        7.41
Aug 01, 2017   482.58      33.93
Jul 01, 2017   448.65        0.00
Jun 01, 2017   448.65        3.88
May 01, 2017   444.77        1.87
Apr 01, 2017   442.90        5.97
Mar 01, 2017   436.93        0.13
Feb 01, 2017   436.80        0.09
Jan 01, 2017   436.71        2.00
Dec 01, 2016   434.71        2.07
Nov 01, 2016   432.64        2.05
Oct 28, 2016   430.59        1.50
Oct 01, 2016   429.09        2.03
Sep 01, 2016   427.06        1.97
Aug 16, 2016   425.09        1.93