Prices of petroleum products are estimated to post a reasonable decline today as a result of drop in prices in the international crude oil market during the current month.
Informed sources said that crude price had fallen below $98 per barrel in the international market when compared with $104 last month.
According to an official, the Oil and Gas Regulatory Authority has worked out estimates for reduction in prices of oil products and forwarded them to the ministries of petroleum and finance.
According to the estimates, the price of petrol (motor spirit) will move down by Rs3 per litre and those of high speed diesel by Re1 per litre, high octane blending component by Rs2.10 per litre, kerosene by Rs1.28 per litre and light diesel oil by 65 paisa per litre.
