Sebi looking at allowing futures trade in petrol, diesel: Official

New Delhi: Markets regulator Sebi is looking at permitting futures trading in petrol and diesel, an official said emphasising that there has been no disruption in commodities derivatives trading during the COVID-19 crisis.

The Securities and Exchange Board of India (Sebi) is also looking at re-allowing futures trade in tur and urad, which were banned in 2007 after a spike in prices of these commodities.

“Yes, all products that I mentioned over here (tur and urad weather indices), including petrol and diesel, are being looked into,” Sebi General Manager (Commodity Segment) Chhavi Kapoor said at a webinar hosted by the PHD Chamber of Commerce and Industry (PHDCCI).