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Non-subsidized LPG Cylinder Price🫕
Year Price
2013 Rs 1031
2014 Rs 1080
2015 Rs 610
2016 Rs 514
2017 Rs 738
2018 Rs 689
2019 Rs 702
2020 Rs 806
2021 Rs 819
2022 Rs 1053
But, how is the price calculated?
Let's find out⤵️
Year Price
2013 Rs 1031
2014 Rs 1080
2015 Rs 610
2016 Rs 514
2017 Rs 738
2018 Rs 689
2019 Rs 702
2020 Rs 806
2021 Rs 819
2022 Rs 1053
But, how is the price calculated?
Let's find out⤵️
LPG pricing in India is done on the basis of a formula: Import Parity Price (IPP)
The IPP is determined based on gas prices in the international market, as a major portion of India's consumption is satisfied through imports.
But, how is IPP calculated? 🤔
#lpgpricehike
The IPP is determined based on gas prices in the international market, as a major portion of India's consumption is satisfied through imports.
But, how is IPP calculated? 🤔
#lpgpricehike
IPP is calculated as per Saudi Aramco’s LPG price, which is the world’s largest producer.
The price includes costs like:
- Free on board (FOB) price,
- Ocean freight,
- Custom duties,
- Port charges and Insurance cost
#lpgcylinder
The price includes costs like:
- Free on board (FOB) price,
- Ocean freight,
- Custom duties,
- Port charges and Insurance cost
#lpgcylinder
