Stocks of Oil Marketing Companies (OMCs) jumped on Monday after fuel prices were hiked for the fourth time in 11 days. The prices of Bharat Petroleum shares rose by 4.5%, Indian Oil rose by 4.15%, and Hindustan Petroleum by over 5.8%. The fuel price hikes will help OMCs cut back on ₹750 crore/day losses incurred due to the Iran war.