Indian Gas Exchange said April 2026 traded gas volume reached 8.54 million MMBtu, while GIXI stood at ₹1,577 per MMBtu amid higher power demand and the impact of the Middle East geopolitical crisis.
Indian Gas Exchange recorded a traded gas volume of 8.54 million MMBtu, equivalent to 215.16 MMSCM, in April 2026, marking a 78.97 percent month on month increase.
The exchange said the rise in traded volume was primarily driven by higher power demand during the month.
Domestic HPHT gas at the ceiling price accounted for 53.08 percent of the traded volume and was procured by city gas distribution companies for D PNG and T CNG demand. Free market gas accounted for the remaining 46.92 percent.
Nearly 17.52 MMSCM of domestic gas with pricing freedom was traded by producers at Bokaro CBM, Jaya, Suvali and Hazira ONGC delivery points.
Exchange traded deliveries stood at 8.13 million MMBtu, or around 6.83 MMSCMD, during April.
Indian Gas Exchange’s benchmark price index, GIXI, stood at ₹1,577 per MMBtu, or $16.9 per MMBtu, in April 2026. The index was up 57.99 percent month on month and 49.10 percent year on year.
GIXI West was ₹1,572 per MMBtu, or $16.8 per MMBtu, broadly similar to the all India index. GIXI East and GIXI South were higher by 59.04 percent and 45.24 percent respectively.
GIXI Dahej stood at ₹1,522 per MMBtu, or $16.3 per MMBtu, up 56.09 percent from the previous month. IGX said GIXI Dahej traded at a 5.58 percent discount to the WIM Ex Dahej settled price for April 2026.
A total of 128 trades were executed on IGX during the month.
IGX offers delivery based trading in ten standardised natural gas contracts, including intraday, day ahead, daily, weekday, weekly, fortnightly, monthly up to 12 months, balance of month, and two long duration contracts of three months and six months linked to benchmarks including GIXI, JKM, WIM and Dated Brent.
The GIXI calculation excludes long duration contracts, small scale LNG and domestic ceiling price gas traded at ceiling price.
Indian Gas Exchange is India’s authorised gas exchange and provides a platform for spot and forward natural gas contracts at designated delivery points across five regional hubs. The exchange operates under the regulatory framework of the Petroleum and Natural Gas Regulatory Board
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