Page 41 - Policy Economic Report - Jan 2026

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Figure 16: Domestic natural gas price January’25–26 ($/mmbtu)7.307.947.807.266.9310.046.897.026.996.966.55 6.48 6.25
10.16 10.16 10.16 10.04 10.04 10.04 10.04 10.04 9.72 9.72 9.72 9.72
14.00
12.00 6.41
10.00

8.00
6.00
4.00
2.00
0.00

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

Domestic gas price Gas price ceiling (for difficult areas)

Source - PPAC

Indian Gas Market

• Gross production of natural gas for the month of December 2025 (P) was 2937 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 December 2025 (P) was 2808 MMSCM
(lower by 0.7% over the corresponding month of the previous year).

• Natural Gas available for sale during December 2025 (P) was 5254 MMSCM (P) (decrease of 2.6%
over the corresponding month of the previous year).

• Total Gas Consumption Availability during December 2025 (P) was 5703 MMSCM (Provisional).
Major consumers were Fertilizer (29%), City Gas Distribution (CGD) (23%), Power (11%), Refinery
(9%) and Petrochemicals (6%).

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