FROM THE PAPER > Front Page Petroleum prices reduced by up to eight per cent

Oil marketing companies have also reduced the price of High Speed Diesel (HSD) by Rs1.08 to Rs75.72 per litre. The HSD is the most widely consumed petroleum products, but its pricing is not maintained by Ogra because it is a deregulated product.

Ogra has said that crude oil prices declined in the range of $84.12 per barrel to $70.74 per barrel but the average price of Arabian light crude in May was $77.73 a barrel.

The price of petrol has been reduced by Rs6.04 to Rs69.04 per litre and that of E-10 petrol to Rs66.54 per litre.

The price of HOBC has been reduced by Rs7.15 to Rs82.04 per litre, that of kerosene oil by Rs3.40 to Rs65.49 per litre and of light diesel oil (LDO) by Rs3.15 to Rs62.61 per litre.

LDO is mainly used for operating motors and pumps, largely in rural areas.

The price of JP-1 has been reduced by Rs3.10 to Rs55.36 per litre.

The prices of jet fuel consumed by military aircraft and helicopters have also been reduced. The new price of JP-4 is Rs52.63, a reduction of Rs2.91 per litre and that of JP-8 has been reduced by Rs3.11 to Rs55.08 per litre.