The National Stock Exchange of India will introduce Dated Brent Crude Oil (Platts) futures contracts from April 13, expanding its commodity derivatives offerings linked to global oil benchmarks.
The contract, based on the S&P Global Energy (Platts) Dated Brent assessment, will be traded under the symbol “BRCRUDEOIL”, the exchange said in a circular after receiving approval from the Securities and Exchange Board of India.
“The exchange is pleased to inform its members that, having received approval from Sebi, Dated Brent Crude Oil (Platts) Futures contracts would be available for trading in the NSE commodity derivatives segment with effect from April 13, 2026,” the bourse said.
The move is aimed at providing market participants with a hedging instrument aligned with international crude oil benchmarks, particularly the widely tracked Brent pricing system.
The futures contracts will be listed on a monthly basis, with trading scheduled from Monday to Friday between 9:00 am and 11:30 pm or 11:55 pm, depending on US daylight saving time.
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The contracts will be cash-settled, with the final settlement price determined based on the monthly simple average of Platts Dated Brent assessments. This will be converted into rupees using the Reserve Bank of India’s reference USD-INR exchange rate.
The exchange added that the contracts will adhere to quality specifications prescribed by S&P Global Energy (Platts), ensuring alignment with globally accepted crude oil standards.
The introduction of Dated Brent futures is expected to deepen India’s commodity derivatives market by offering refiners, importers and traders a tool to manage price risks linked to international crude movements.
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