Domestic LPG Subsidised Price in New Delhi

Fuel Icon

New Delhi

Domestic LPG
Subsidised
December 11, 2018
500.90
(Rs./14.2Kg cylinder)
   4.44 on Dec 01, 2018
Non-Subsidised Price: 809.50

NEW DELHI
Domestic LPG
Subsidised Price Trend

DATE
PRICE
CHANGE
Dec 01, 2018
   500.90
    4.44
Nov 01, 2018
   505.34
    2.94
Oct 01, 2018
   502.40
    2.89
Sep 01, 2018
   499.51
    1.49
Aug 01, 2018
   498.02
    1.76
(Rs./14.2Kg cylinder)

Chart of Current Domestic LPG Subsidised Prices in New Delhi

Source: Indane, Indian Oil Corporation

Prices of other Petroleum Products in New Delhi

    ProductPriceEffective Date
Petrol (IOC)70.20Dec 11, 2018
Petrol (HPCL)70.20Dec 11, 2018
Diesel (IOC)64.66Dec 11, 2018
Diesel (HPCL)64.66Dec 11, 2018
Auto LPG55.37Nov 01, 2018
Non-Subsidised Domestic LPG (14.2kg)809.50Dec 01, 2018
Commercial LPG (19kg)1,404.50Dec 01, 2018

New Delhi Domestic LPG Subsidised Prices

Domestic LPG Subsidised price in New Delhi today, i.e. on December 11, 2018 is 500.90 Rs./14.2Kg cylinder

. This represents a decrease in the price of Domestic LPG Subsidised by 4.44 Rs./14.2Kg cylinder effective from Dec 01, 2018.

In the 52 week period, the price of Domestic LPG Subsidised in New Delhi (Delhi) touched a high of 505.34 Rs./14.2Kg cylinder on Nov 01, 2018 and recorded a low of 491.21 Rs./14.2Kg cylinder on May 01, 2018.

Meanwhile, in New Delhi the Domestic LPG Non-Subsidised price is 809.50 Rs./14.2 Kg cylinder and Commercial LPG price is 1,404.50 Rs./19 Kg cylinder as on Dec 11, 2018.

Domestic LPG Subsidised Price Comparision

Today Week
ago
Month
ago
1 Year
ago
5 Years
ago
10 Years
ago
500.90
11 Dec 2018
500.90
4 Dec 2018
505.34
11 Nov 2018
495.69
11 Dec 2017
414.00
11 Dec 2013
304.70
11 Dec 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 New Delhi

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 500.90
Mumbai 498.57
Chennai 488.85
Kolkata 504.12

(Rs./14.2Kg cylinder)
Advertisment

Domestic LPG Subsidised
Historical Price

Select Date

Domestic LPG Subsidised
(Rs./14.2Kg cylinder)

DATE PRICE   CHANGE
Dec 01, 2018   500.90        4.44
Nov 01, 2018   505.34        2.94
Oct 01, 2018   502.40        2.89
Sep 01, 2018   499.51        1.49
Aug 01, 2018   498.02        1.76
Jul 01, 2018   496.26        2.71
Jun 01, 2018   493.55        2.34
May 01, 2018   491.21        0.14
Apr 01, 2018   491.35        1.74
Mar 01, 2018   493.09        2.54
Feb 01, 2018   495.63        0.01
Jan 01, 2018   495.64        0.05
Dec 01, 2017   495.69        0.00
Nov 01, 2017   495.69        4.56
Oct 01, 2017   491.13        3.95
Sep 01, 2017   487.18        7.41
Aug 01, 2017   479.77      33.12
Jul 01, 2017   446.65        0.00
Jun 01, 2017   446.65        3.88
May 01, 2017   442.77        1.87
Apr 01, 2017   440.90        5.97
Mar 01, 2017   434.93        0.13
Feb 01, 2017   434.80        0.09
Jan 01, 2017   434.71        2.00
Dec 01, 2016   432.71        2.07
Nov 01, 2016   430.64        2.05
Oct 28, 2016   428.59        1.50
Oct 01, 2016   427.09        2.03
Sep 01, 2016   425.06        1.97