Commodities
IGX Gas Trading Volume More Than Doubles in August Amid Benchmark Price Surge
The Indian Gas Exchange (IGX) saw a significant surge in gas trading volume in August 2026, more than doubling from the same period last year. The exchange traded 12.63 million MMBtu of gas during August, up 102.85% from August 2025 and 8.57% from July.
The benchmark gas price index, GIXI, stood at Rs 2,102 per MMBtu in August, a rise of 107.30% year-over-year and 14.43% month-over-month. The increase in the benchmark gas price is not attributed to any specific reason by the exchange.
The majority of the traded volume, approximately 41.11%, comprised domestic high-pressure, high-temperature (HPHT) gas, which was procured by city gas distribution companies for domestic piped natural gas and transport compressed natural gas demand.