The current energy crisis and the escalating concern over pollution level necessitate the development of various low emission and clean technologies for efficient utilization of fossil fuels. These technologies offer the benefits of using fossil fuels continuously without harming the environment. Oxy fuel combustion technology is one of the promising low emission combustion technologies having an additional advantage of being a better retrofit option compared to other clean technologies. In the present study, the stability and flame characteristics of LPG flame in a tubular burner has been investigated with oxygen as the oxidizing gas and nitrogen or carbon dioxide as the balance gas. The experiments were conducted to study the effect of primary aeration and the effect of balance gas on the stability and flame characteristics of air and oxy flames. The experimental results from the preliminary experiments show that the flame height decreases with increase in primary aeration for both air and oxy cases and the premixed blue zone increases with primary aeration. The flames observed for oxy cases are dull and weak at all equivalence ratio (or primary aeration). The measured axial flame temperature indicated that the temperature of oxy flames is lower than that of the air flames for the same primary aeration. The data obtained from the stability tests show that the oxy flames can withstand relatively lower port velocity than its air counterpart. Therefore, the stable operating range of the given burner design is lower when CO2 is used as the balance gas. These differences in the stability and flame characteristics is attributed to the difference in the thermo physical properties like molar heat capacity, mass diffusivity and thermal conductivity of the balance gas CO2 and N2.