IGX Gas Prices Fall Amid Weak Demand and Global Trends

The Indian Gas Exchange (IGX) reported an 11% year-on-year decline in its benchmark gas price index for October 2025 due to weak demand and global price trends. Trading volumes dropped 46% month-on-month, affected by lower domestic supply and reduced demand from the power sector.

The Indian Gas Exchange (IGX) announced that its benchmark gas price index, GIXI, witnessed an 11% year-on-year drop in October, attributed to subdued demand.

The GIXI stood at Rs 973 or USD 11 per million British thermal unit (MMBtu), marking an 11% decline from the previous year and a 6% drop month-on-month, amid stagnant domestic demand aligned with a global gas price downtrend, IGX reported.

October's trading volume saw a 46% month-on-month decrease to 3.1 million MMBtu, influenced by lower domestic gas supplies and muted power sector demand. This period also marked IGX's first small-scale LNG trade at Hazira among 109 trades conducted. European and Asian benchmarks showed varied pricing trends, while US Henry Hub benchmark prices increased.

(With inputs from agencies.)