Page 33 - Policy Economic Report - July 2025
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POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
revised for the period 1st April, 2025 – 30th September, 2025 was notified as US$10.04/MMBTU
on Gross Calorific Value (GCV) basis.
Figure 17: Global natural gas price trends ($/mmbtu)
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Jun-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, June 2025 Price ($/MMBTU) MoM YoY
Natural Gas (%) change (%) change
India, Domestic gas price (July’25) 6.89 7.49% -16.38%
India, Gas price ceiling – difficult areas 10.04
(Apr-Sep’25) 11.5 -1.18% 1.72%
GIXI (Gas index of India) price*
-3% -7%
Henry Hub 3.02 -3.2% 19.4%
6.1% 13.8%
Natural Gas, Europe 12.37 -0.5% 1.1%
Liquefied Natural Gas, Japan 12.26
Source- EIA, PPAC, World Bank, IGX
*Prices are weighted average prices (excluding ceiling price gas)
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