Oil & Gas Sector Update - From 8,000ers To A Mushroom Land: Motilal Oswal
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Motilal Oswal Report
There are only 14 mountain peaks globally that are higher than 8,000 metre, and hence are in an enviable position.
In a similar commanding position are oil marketing companies (Indian Oil Corporation Ltd., Bharat Petroleum Corporation Ltd., and Hindustan Petroleum Corporation Ltd.), with ~90% of total petrol/diesel market share, and city gas distributions (Indrprastha Gas Ltd., Mahanagar Gas Ltd. and Gujarat Gas Ltd.), which enjoy an almost virtual monopoly in their respective areas.
However, with the entry of electric vehicles, these conventional players (OMCs and CGDs) stare at a future where they would be just me-too players.
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