பொருளாதாரம் மற்றும் மேலாண்மை அறிவியல் சர்வதேச இதழ்

Petro Exchange in India: A Viability Check

Abstract

Joji Rao T

Efficient, reliable and competitively priced energy supplies are prerequisites for accelerating economic growth for any developing country. In global scenario while trade exchanges have existed for a long time, future markets for petroleum products only assumed some importance for the industry after mid-eighties. The reason for the same may be attributed to notorious price fluctuations. Though many exclusive global petro exchanges have been contributing to a great extent towards crude trade, in Indian context, it is still a measure to be undertaken. This paper attempts to highlight the prerequisites, requisites, structured process and financial feasibility of setting up an exclusive petro product exchange in India