Domestic LPG Subsidised Price in Mumbai

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Mumbai

Domestic LPG
Subsidised
November 21, 2018
503.11
(Rs./14.2Kg cylinder)
   3.00 on Nov 01, 2018
Non-Subsidised Price: 912.00

MUMBAI
Domestic LPG
Subsidised Price Trend

DATE
PRICE
CHANGE
Nov 01, 2018
   503.11
    3.00
Oct 01, 2018
   500.11
    2.75
Sep 01, 2018
   497.36
    1.49
Aug 01, 2018
   495.87
    1.77
Jul 01, 2018
   494.10
    2.79
(Rs./14.2Kg cylinder)

Chart of Current Domestic LPG Subsidised Prices in Mumbai

Source: Indane, Indian Oil Corporation

Prices of other Petroleum Products in Mumbai

    ProductPriceEffective Date
Petrol (IOC)81.90Nov 20, 2018
Petrol (HPCL)81.99Nov 20, 2018
Diesel (IOC)74.66Nov 20, 2018
Diesel (HPCL)74.75Nov 20, 2018
Auto LPG52.47Oct 01, 2018
Non-Subsidised Domestic LPG (14.2kg)912.00Nov 01, 2018
Commercial LPG (19kg)1,558.00Nov 01, 2018

Mumbai Domestic LPG Subsidised Prices

Domestic LPG Subsidised price in Mumbai today, i.e. on November 21, 2018 is 503.11 Rs./14.2Kg cylinder

. This represents an increase in the price of Domestic LPG Subsidised by 3.00 Rs./14.2Kg cylinder effective from Nov 01, 2018.

In the 52 week period, the price of Domestic LPG Subsidised in Mumbai (Maharashtra) touched a high of 503.11 Rs./14.2Kg cylinder on Nov 21, 2018 and recorded a low of 488.94 Rs./14.2Kg cylinder on May 01, 2018.

Meanwhile, in Mumbai the Domestic LPG Non-Subsidised price is 912.00 Rs./14.2 Kg cylinder and Commercial LPG price is 1,558.00 Rs./19 Kg cylinder as on Nov 21, 2018.

Domestic LPG Subsidised Price Comparision

Today Week
ago
Month
ago
1 Year
ago
5 Years
ago
10 Years
ago
503.11
21 Nov 2018
503.11
14 Nov 2018
500.11
21 Oct 2018
498.38
21 Nov 2017
441.00
21 Nov 2013
349.50
21 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 Mumbai

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   503.11        3.00
Oct 01, 2018   500.11        2.75
Sep 01, 2018   497.36        1.49
Aug 01, 2018   495.87        1.77
Jul 01, 2018   494.10        2.79
Jun 01, 2018   491.31        2.37
May 01, 2018   488.94        0.10
Apr 01, 2018   489.04        1.76
Mar 01, 2018   490.80        2.57
Feb 01, 2018   493.37        0.02
Jan 01, 2018   493.35        0.03
Dec 01, 2017   493.38        5.00
Nov 01, 2017   498.38        4.58
Oct 01, 2017   493.80        3.83
Sep 01, 2017   489.97        7.89
Aug 01, 2017   482.08        1.81
Jul 11, 2017   480.27      10.98
Jul 01, 2017   491.25      14.28
Jun 01, 2017   476.97        1.41
May 01, 2017   475.56        0.94
Apr 01, 2017   476.50        5.84
Mar 01, 2017   470.66        2.71
Feb 01, 2017   467.95        2.07
Jan 01, 2017   465.88        1.97
Dec 01, 2016   463.91        3.64
Nov 01, 2016   460.27        3.13
Oct 28, 2016   457.14        2.00
Oct 01, 2016   455.14        2.61
Sep 01, 2016   452.53        1.30