OMC stocks: Shares of oil marketing companies faced selling pressure on Thursday, February 12, as the crude prices extended gains to the second day today amid escalating tensions between the US and Iran.

Shares of Bharat Petroleum Corporation Limited (BPCL) declined as much as 2.20% to ₹379.05 on the BSE. Meanwhile, Indian Oil Corporation (IOC) shares fell 1.54% to ₹178.50 apiece. Another PSU oil stock, Hindustan Petroleum (HPCL), shed 1.52% to ₹454.80.

Despite today’s pullback, all three OMC stocks remain in the green on a month-to-date basis, rising 4%-9%.

(This is a developing story. Check back for updates.)