NSE to Launch Crude Futures Contract Based on Platts Pricing in Partnership with S&P Global Energy

India's National Stock Exchange to Launch Oil Price Derivatives

The National Stock Exchange (NSE) of India is set to launch exchange-traded derivatives based on Platts oil price benchmarks in collaboration with S&P Global Energy. This move was announced by the bourse on Monday, marking a significant step towards deepening commodity derivatives markets in India.

As India's market regulator continues to push for greater institutional participation in markets, including metals and energy contracts, the launch of these derivatives is expected to provide tools for price discovery and risk management to various stakeholders. These stakeholders include refiners, importers, traders, financial institutions, and investors seeking exposure to global Brent crude prices in a regulated domestic market.

India is one of the world's largest crude oil importers and remains heavily exposed to swings in global oil prices. The launch of these derivatives is expected to provide a platform for market participants to manage their exposure to oil price volatility.

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The exchange will initially roll out Dated Brent Crude Oil (Platts) futures contracts, using the Platts Dated Brent benchmark. NSE has received regulatory approval for the launch and has confirmed that the contracts will begin trading on April 13, 2026.

Note: The table above presents a comparison of the product and benchmark used in the NSE's launch of oil price derivatives.