LPG Prices From February 1: 19Kg LPG Cylinder Prices Cut By Rs 4-7 Ahead Of Budget 2025; Check New Rates

LPG Prices From February 1: Oil marketing companies (OMCs) reduce the prices of LPG in 19kg cylinders by Rs 4 to Rs 7 with effect from February 1, 2025, ahead of the Budget 2025 announcement. This will be the second consecutive month where LPG prices have been brought down. OMCs revise LPG prices every start of the month. With the new revision, 19Kg cylinder is above Rs 1,900 per cylinder in Chennai and Kolkata, while prices were lower in Delhi and Mumbai.

However, the prices of 14.2 Kg prices is kept unchanged for seventh consecutive month now.

Check Out Latest Prices:

LPG Prices Of 19KG Cylinders:

LPG Prices In Delhi: The highest cut was seen in Delhi by Rs 7, taking the price of 19kg LPG cylinder to Rs 1,797 compared to the previous month's price of Rs 1,804 per cylinder.

LPG Prices In Kolkata: This city saw the lowest cut of Rs 4, taking the price to Rs 1,907 per cylinder in 19K LPG. In January month, the price was at Rs 1,911.

LPG Prices In Mumbai: In the financial hub, 19Kg LPG price was reduced by Rs 6.5 to Rs 1,749.5 per cylinder from February 2025, compared to Rs 1,756 in the previous month.

LPG Prices In Chennai: The price was also trimmed by Rs 6.5 to Rs 1,959.5 per cylinder in 19Kg LPG, compared to the previous month's price of Rs 1,966 per cylinder.

In the previous month, the largest OMC, Indian Oil Corporation (IOCL) has trimmed LPG prices of 19KG cylinders for the first time in 6 months, by Rs 14.5 to Rs 16 across metro cities

LPG prices in 19Kg cylinders have started to see downward trend for second month in a row since the new year 2025.

LPG Prices In 14.2KG Cylinder:

Notably, leading OMCs have LPG prices in 14.2kg cylinders unchanged since August 1, 2024. In February 2025 as well, the 14.2 kg cylinder price is at Rs 803 in Delhi, Rs 829 in Kolkata, Rs 802.50 in Mumbai, and Rs 818.50 in Chennai.

The latest price revision in LPG prices comes ahead of the Budget 2025 speech of Finance Minister Nirmala Sitharaman which is scheduled on February 1, 2025. Revision in excise duty of petroleum products is expected from FM on Saturday. It will be keenly watched if the FM announces any reforms related to LPG or other petroleum products.

Indane has now become one of the largest packed LPG brands in the world, with IndianOil as the second-largest marketer of LPG globally. Indane is a Consumer Superbrand as conferred by the Superbrands Council of India. It is a brand synonymous with safety, reliability, and convenience.

At present, Indane LPG is sold and delivered in eight different pack sizes. The 5 kg and 14.2 kg cylinders are largely meant for domestic use and comprise almost 90% of all gas distributed. In comparison, the 19 kg, 47.5 kg and 425 kg Jumbo cylinders are marketed for industrial and commercial consumption.

Budget 2025 Expectation For LPG:

Brokerage Philip Capital in its note said, "PSU OMCs have been incurring under-recovery for most of CY24. Cumulative under-recovery at the end of 9MFY25 could be over Rs 250bn. LPG is a regulated product and is eligible for subsidy from the government in case of under-recovery. Various media reports indicate an allocation of Rs 350bn as a subsidy for LPG under-recovery, of which Rs 100bn would be allocated for FY25 and Rs 250bn for FY26." The move is seen as positive for OMCs.

LPG prices in India are determined by state-run oil companies and are revised on a monthly basis. Almost all the households in India have an LPG connection and it is mainly used for cooking purposes. An increase in LPG prices will affect the common man in general as they have to bear the brunt of the rising fuel prices in the current market scenario. Currently, the government is providing subsidies on the sale of domestic LPG cylinders to consumers. The subsidy amount is directly credited to the individual's bank account after the purchase of the cylinder. The subsidy amount varies every month and is dependent on the changes in the average international benchmark LPG prices added to the foreign exchange rate.