LPG Gas Cylinder New Prices (February 2019) – Subsidy / Non-Subsidy Rates

Published on: 2019-02-01 12:39:21

LPG Gas Cylinder New Prices (February 2019) – Subsidy / Non-Subsidy Rates

LPG gas cylinder prices February 2019 (subsidy and non-subsidy cylinder rates) have again reduced for the third consecutive time after reduction in December 2018 & January 2019. People can check the LPG Gas Cylinder New Prices (14.2 kg cylinder rates) in top metro cities like Delhi, Kolkata, Chennai, Mumbai & in other cities. These LPG cylinder rates will remain applicable for the entire month of February 2019 starting from today onward. People can even compare these new cylinder rates with prices in previous months.

From Rs. 491.21 in May 2018 to Rs. 502.42 in Nov 2018, the cylinders prices were on a hike and had gone up by Rs. 16.21 per subsidized cylinder. But now for the 3 time, LPG gas cylinder rates for subsidized cylinders have been reduced. This reduction was Rs. 6.5 per LPG cylinder in December 2018, Rs. 5.91 in January 2019 & further 1.46 reduction in February 2019. For non-subsidized cylinders, IOCL has reduced prices by Rs. 133 in December 2018, Rs. 120.5 in January 2019 and Rs. 30 in February 2019.

As we all know that the prices of both the subsidized and non-subsidized LPG gas cylinders are revised on 1st date of each month. It is also important to note that the central government only provides subsidy on the first 12 gas cylinders to every family in one year under the direct benefit transfer (DBT) scheme.

LPG Subsidy & Non-Subsidy Gas Cylinder Rates for February 2019

Candidates can check both the Subsidized and Non-Subsidized domestic gas cylinder prices to know the total amount on which they will get cylinder this month and how much they will get as subsidy in their bank accounts. The effective cost of domestic cooking gas cylinders to consumers with & without subsidy in metros for 14.2 Kg cylinder are as follows:-

LPG Gas Cylinder New Prices for February 2019
Metro Cities Subsidized LPG Gas Cylinder Rates with Reduction Non-Subsidized Prices of LPG Gas Cylinders with Reduction
Delhi Rs. 493.53 (-1.46) Rs. 659.00 (-30)
Kolkata Rs. 496.57 (-1.52) Rs. 683.00 (-31)
Mumbai Rs. 491.19 (-1.47) Rs. 630 (-30)
Chennai Rs. 481.34 (-1.54) Rs. 673 (-31.5)

People can also check prices of 14.2 Kg LPG Subsidized / Non-Subsidized Gas Cylinders for February 2019 in other cities through this link – LPG Cylinder Rates in Other Cities (Feb 2019). In this February 2019 month, the price of non-subsidized LPG in Delhi has been reduced by around Rs. 30 per cylinder which reflects fall in international oil rates and also strengthening of the US Dollar-Rupee exchange rate. In addition to this, this reduction is also mainly due to tax impact on reduced market rate of the fuel.

LPG Gas Cylinder New Prices Comparison with Previous Months

All the candidates can now compare the current LPG gas cylinder rates with the prices in the previous months:-
— Check 14.2 Kg Subsidized LPG gas cylinder previous prices (Month Wise) here
— Check 14.2 Kg Non-subsidized LPG gas cylinder previous prices (Month Wise) here

Subsidy to be Given in Bank Accounts for LPG Gas Cylinders

As per new tax rules, GST on LPG prices is calculated by the govt. at the market rate of the fuel. The central govt. may choose to subsidize a part of the price but still tax needs to be paid at the market rates. So along with the fall in market price or non-subsidised LPG price, the tax incidence on subsidized cooking fuel has also come down which leads to the current price reduction.

This subsidy amount varies on a monthly basis as per the changes in the average international benchmark LPG rate and foreign exchange rate. Whenever international oil rates move up, the government provides a higher subsidy and when rates for oil come down, subsidy is cut. The subsidy amount to be transferred into the bank account of the customers is now Rs. 165.47 in Delhi, Rs. 186.43 in Kolkata, Rs. 138.81 in Mumbai and Rs. 191.66 in Chennai per cylinder in February 2019.

— For more details, visit the official website https://www.iocl.com/products/indanegas.aspx

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