Oil and Gas Regulatory Authority (OGRA) on Tuesday has announced to cut petroleum products’ prices.

Ogra notified a reduction in price of petrol by Rs1.70 per litre, kerosene oil by Rs5.05 per litre and high speed diesel (HSD) by Rs3.20 per litre.

The new prices of petrol, kerosene oil and HSD would be Rs86.71, Rs84.65 and Rs94.11 per litre, respectively.

The government has deregulated prices of all petroleum products, except kerosene oil, effective from June 1, 2011, said Ogra spokesperson Syed Jawad Naseem while addressing a press conference here.