 "sebi")
The Securities and Exchange Board of India (Sebi) is considering allowing futures trading in petrol and diesel, according to sources. The petroleum and natural gas ministry has already approved the proposal.
Petrol and diesel are among the 90-plus commodities that have been approved by the government for derivatives trading.
Globally, petrol and diesel derivatives are traded on the Nymex and ICE exchanges.
The proposal for trading in petrol and diesel derivatives was submitted by the Indian Commodity Exchange (ICEX) eight months ago. Sebi deliberated on the matter and sought the opinion of the oil ministry on the issue, according to
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