• PetEx is an online platform created in association with NCDEX e-Market Limited (NeML) (a 100% subsidiary of NCDEX). It is an e-market platform exclusively for petroleum products. PetEx will trade in the Physical (spot) market. • PetEx will serve as a market place where Oil Refineries, Importers, Traders, Corporates, Distributors and Re-sellers can sell and buy at the best possible and competitive rates. • PetEx is built on the principle of Auction and Reverse Auction at a predetermined time from Monday to Saturday. • The growth and opening of the petroleum sector in India have brought the opportunity and need to provide different value-added services to the customers in this industry. To cover-up this need PetEx will provide information, data and Value-added Services.