Petroleum prices cut by 1.34 per cent

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) reduced on Thursday petroleum prices by 1.34 per cent to 3.5 per cent with immediate effect in line with a decline in international market.

According to a notification, the price of petrol has been reduced by 89 paisa to Rs65.11 per litre, down by 1.34 per cent and that of High Octane Blending Component (HOBC) has come down to Rs79.43 per litre, down by Rs1.09 or 1.35 per cent.

Likewise, the ex-depot sale price of kerosene has been reduced by Rs1.88 per litre to Rs60.75, down by about 3 per cent and that of light diesel oil by Rs2.12 per litre to Rs58.10, down by 3.5 per cent.

The prices of jet fuels have also been reduced by 1.3 per cent to 3 per cent, and those of JP-1, JP-4 and JP-8 by 3 per cent, 1.3 per cent and 2.9 per cent, respectively.