Page 37 - Policy Economic Report - April 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Figure 21: Global natural gas price trends ($/mmbtu)

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Mar-21
May-21

Jul-21
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Domestic gas price Henry Hub Natural Gas Spot Price Natural gas, Europe Spot LNG price, Japan

Source- EIA, World Bank

Table 7: Gas price, March 2025 Price ($/MMBTU) MoM YoY
Natural Gas (%) change (%) change

India, Domestic gas price (Apr’25) 7.26 -6.92% -13.37%

India, Gas price ceiling – difficult areas 10.04 -1.18% 1.72%
(Apr-Sep’25)
9% 38%
GIXI (Gas index of India) price* 14.01 -1.7% 176.5%
Henry Hub 4.12 -13.7% 54.9%
-0.6% -3.7%
Natural Gas, Europe 13.24

Liquefied Natural Gas, Japan 12.70

Source- EIA, PPAC, World Bank, IGX
*Prices are weighted average prices (excluding ceiling price gas)

Table 8: Gas price, GCV Basis Domestic Gas calculated Gas price ceiling – difficult areas
Period price in US$/MMBTU price in US$/MMBTU

1-31 May 2023 8.27 12.12
1-30 June 2023 7.58 12.12
1-31 July 2023 7.48 12.12
1-31 August 2023 7.85 12.12
1-30 September 2023 8.60 12.12

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