Page 48 - Policy & Economic Report - July 2025

POLICY AND ECONOMIC
ROEILPO&RGTAS MARKET

Figure 23: Domestic natural gas price July’25–26 ($/mmbtu)

14.00
12.00
10.00

8.00
6.00
4.00
2.00
0.00

Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26
6.89
10.04

7.02
10.04

6.99
10.04

6.96
9.72

6.55
9.72

6.48
9.72

6.25
9.72

6.21
9.72

6.81
9.72
10.76

8.90
11.59

8.90
10.93

8.90
8.73
8.90

Domestic gas price Gas price ceiling (for difficult areas)

Source: PPAC

Indian Gas Market
• Gross Production of natural gas for the month of May 2026 (P) was 2835 MMSCM which
was lower by 4.2% compared with the corresponding month of the previous year.

• Total Import of LNG (Provisional) during the month of May 2026 (P) was 2604 MMSCM as
per LNG Importing Entities reporting to PPAC. However, in view of Middle East Conflict,
actual figures for May’ 26 may be slightly different.

• Natural Gas available for Sale during May 2026 (P) was 4938 MMSCM (P) (decrease of
8.0% over the corresponding month of the previous year)

• Total Gas Consumption Availability during May 2026 (P) was 5399 MMSCM (P) (decrease
of 7% over the corresponding month of the previous year). However, this analysis is based
on LNG Import figures for Apr '26 as reported by LNG Importing Entities reporting to PPAC.

• Major consumers were Fertilizer (30%), City Gas Distribution (CGD) (26%), Power (12%),
Refinery (7%) and Petrochemicals (3%).

July 2026 Page | 47