Page 47 - Policy & Economic Report - July 2025

POLICY AND ECONOMIC
ROEILPO&RGTAS MARKET

was further revised for the period 1st April, 2025 – 30th September, 2025 was notified as
US$10.04/MMBTU on Gross Calorific Value (GCV) basis. Prices were further revised for the period
1st October, 2025 – 31st March, 2026 was notified as US$9.72/MMBTU on Gross Calorific Value
(GCV) basis as per notification dated 30th September 2025. As per notification dated 31st March
2026, gas prices were further revised for the period 1st April 2026 – 30th September 2026 and was
notified as US$ 8.90/MMBTU on Gross Calorific Value (GCV) basis.

Figure 22: Global natural gas price trends ($/mmbtu)

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Jun-22
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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 8: Gas price, June 2026 Price MoM YoY
Natural Gas

($/MMBTU) (%) change (%) change

India, Domestic gas price (July’26) 8.73 -20.13% 26.71%

India, Gas price ceiling – difficult

areas 8.90 -8.44% -11.35%

(Apr’26-Sep’26)

GIXI (Gas index of India) price* 18.6 0% 79%

Henry Hub 3.15 7.1% 4.3%

Natural Gas, Europe 15.17 -6.2% 22.6%

Liquefied Natural Gas, Japan 12.83 -0.4% 5.4%

Source: EIA, PPAC, World Bank, IGX
*Prices are weighted average prices (data excluding ceiling price gas, LNG & LDC)

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