Domestic LPG Subsidised Price in Kolkata

Kolkata
Subsidised
July 05, 2022

KOLKATA
Domestic LPG
Subsidised
Price Trend
Chart of Current Prices in
Prices of other Petroleum Products in Kolkata
Product | Company | Price | Effective Date |
---|---|---|---|
Petrol | IOCL | 82.05 | Aug 04, 2020 |
Diesel | IOCL | 77.06 | Aug 04, 2020 |
Auto LPG | IOCL | 51.65 | May 01, 2021 |
Subsidised Domestic LPG (14.2kg) | Indane | 497.47 | Jul 05, 2022 |
Non-Subsidised Domestic LPG (14.2kg) | Indane | 835.50 | May 01, 2021 |
Commercial LPG (19kg) | Indane | 1,667.50 | May 01, 2021 |
Kolkata Domestic LPG Subsidised Prices
price in Kolkata today, i.e. on July 05, 2022 is 497.47 Rs./14.2Kg cylinder. This represents a decrease in the price of by 3.05 Rs./14.2Kg cylinder effective from Jul 05, 2022.
In the 52 week period, the price of in Kolkata (West Bengal) touched a high of Rs./14.2Kg cylinder on and recorded a low of Rs./14.2Kg cylinder on .
Meanwhile, in Kolkata the Domestic LPG Non-Subsidised price is 835.50 Rs./14.2 Kg cylinder and Commercial LPG price is 1,667.50 Rs./19 Kg cylinder as on Jul 05, 2022.
Price Comparision
Today | Week ago |
Month ago |
1 Year ago |
5 Years ago |
10 Years ago |
497.47
05 Jul 2022 |
|
|
|
|
|
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
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.