ONGC eyes in-house trading desk – 26 Aug 2025

India’s biggest oil producer is planning a central trading unit for crude and fuels

HPCL buys 30 MT, MRPL imports 18–20 MT, and ONGC produces 42 MT

Together that’s 100 MT of flows, making scale the obvious play

A trading desk, they argue, would streamline pricing and trim waste