<ul data-eligibleForWebStory="false"><li>ICICI Securities has shared its top picks in the oil and gas sector ahead of Q1 results, including Indian Oil, BPCL, and Gujarat Gas.</li><li>IGL and MGL are expected to see strong YoY volume growth, while Gujarat Gas may experience a volume decline.</li><li>OMCs' Q1 FY26 performance is anticipated to be stronger due to higher GRM/marketing margins and lower LPG under recovery.</li><li>City gas distribution Ebitda margins could improve QoQ, with Indraprastha Gas and Mahanagar Gas likely to continue strong YoY volume growth.</li></ul>

Indian Oil, BPCL, Gujarat Gas, Among ICICI Securities' Bets In Oil And Gas Sector Ahead Of Q1 Results Preview

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