The Petroleum Products like Furnace oil, LDO, LPG, Benzene, Toluene, Xylene, Base oils etc. are marketed by their specification / Parameters and applications. In most of the cases they are not branded. In the Auction process the buyers and sellers have a fair chance to negotiate the price based on quality, quantity and availability.
There is price discovery and bench-marking of product prices based on Indian conditions is possible. Hence the Commodity Auction makes a tremendous business utility.
PetEx Auction Platform is a simply, easy-to-use tool with you can execute trades and deals with a few clicks. You can view the videos below to get a better understanding of how to trade on our platform.
Learn How to Trade in Continuous Market on PetEx
Learn How To Trade In Bilateral Market on PetEx
Learn How To Trade In Yankee Auction Market