KARACHI, Jan 31: The Oil Companies Advisory Committee (OCAC) has slashed the prices of high speed diesel (HSD) by 2.45 per cent to Rs14.74 from Rs15.11 per litre. Prices of other products like petrol, HOBC, light diesel oil (LDO) and kerosene remained unchanged.

The Price of JP-4 has been cut to Rs13.48 from Rs13.86 per litre, while the price of JP-1 has been increased by 0.38 per cent to Rs10.66 from Rs10.62 per litre. The ex-depot fixed sales prices at 29 designated locations will be effective from February 1, 2002.

OCAC, in a statement, said that the prices of various oil products, by and large, remained within the same band as that of the previous fortnight, although some prices increased sharply during the last two days of the fortnight.

The end consumer prices for most products, therefore, have not registered any change except for diesel and JP-4, declining by Rs0.37 and Rs0.38 per litre respectively.

FUEL OIL: Pakistan State Oil (PSO) has cut the prices of high sulphur fuel oil (HSFO) by Rs142 per ton to Rs9,083 from Rs9,225. The price of light sulphur fuel oil (LSFO) has also been slashed to Rs10,591 from Rs10,909.

Shell Pakistan Limited (SPL) also announced price cut in fuel oil by Rs136.85 pmt to Rs9,091.90 from Rs9,228.75. The price reduction has been made possible due to a decrease in the fuel oil prices in the Arabian Gulf.