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India’s gas prices dropped 11% in October 2025 due to weak demand and lower global prices.
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.
Trading volume fell 46% to 3.1 million MMBtu, with reduced supply from the KG Basin and lower power sector demand.
Free-market gas and HPHT gas each made up nearly half the trades, while Hazira hosted the first small-scale LNG transactions.
Total deliveries reached 4.5 million MMBtu.
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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Los precios del gas en la India cayeron un 11% en octubre de 2025 debido a la débil demanda y a la reducción de los precios mundiales.