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flag India’s gas prices dropped 11% in October 2025 due to weak demand and lower global prices.

flag India’s gas exchange (IGX) reported a 11% year-on-year drop in its benchmark GIXI price to Rs973 ($11/MMBtu) in October 2025, driven by weak domestic demand and lower global prices. flag Trading volume fell 46% to 3.1 million MMBtu, with reduced supply from the KG Basin and lower power sector demand. flag Free-market gas and HPHT gas each made up nearly half the trades, while Hazira hosted the first small-scale LNG transactions. flag Total deliveries reached 4.5 million MMBtu. flag Global benchmarks varied, with U.S. Henry Hub rising sharply, while Europe’s TTF and Asia’s WIM-Ex Dahej declined.

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