Indian Gas Exchange price index for July’25 rises by 3% MoM   

The international prices also witnessed a decline in July’25 as compared to June’25 with European & Asian spot gas benchmarks TTF at $11.7 /MMBtu (10% down MoM, 13% up YoY), WIM at 13.1 $/MMBtu & US HH at $3.3/MMBtu (10 percent down MoM & 48 percent up YoY).

Indian Gas Exchange’s benchmark price index, GIXI® GIXI® for July 2025 was ₹1023/$11.9 per MMBtu, down by 8 percent YoY & up by 3 percent MoM. The price stability was driven by a price correction in the international market and a continued low demand for gas, particularly from the power sector. The international prices also witnessed a decline in July’25 as compared to June’25 with European & Asian spot gas benchmarks TTF at $11.7 /MMBtu (10% down MoM, 13% up YoY), WIM at 13.1 $/MMBtu & US HH at $3.3/MMBtu (10 percent down MoM & 48 percent up YoY).

GIXI®-West was ₹1025/$11.9/ MMBtu, similar to GIXI®-All India, whereas GIXI®- East and South was lower by 3 percent and 1 percent respectively due to transmission & tax differential. GIXI® – Dahej (July-25) was ₹1009 or $11.7 / MMBtu, 3 percent up MoM. GIXI®-Dahej was at a discount of $1.7/MMBtu (i.e. 15 percent) compared to WIM-Ex Dahej settled price for July 2025.

IGX achieved monthly trade gas volume of 4.1 million MMBtu (105 MMSCM) in July’25, marking an increase of 3 percent MoM and 2 percent YoY basis due to higher domestic gas sales from gas producers. Around 47% of traded volumes were free market gas and 53 percent domestic HPHT gas at ceiling price (₹867 or $10.04/MMBtu). Nearly 5 MMSCM domestic gas having pricing freedom were traded at Bokaro (CBM), KG Basin and Hazira-ONGC delivery points.