COLOMBO, June 30 -- Sri Lanka on Tuesday (June 30) reduced retail fuel prices for the first time in four months, reversing part of a series of steep increases imposed earlier this year as global crude oil prices retreated to near pre-conflict levels following volatility caused by tensions in the Middle East.

The state-owned Ceylon Petroleum Corporation (CPC) announced that, effective June 30, the price of Auto Diesel was reduced by Rs 25 to Rs 382 per litre, while Octane 92 petrol, the country's most widely used gasoline grade, was cut by Rs 20 to Rs 414 per litre.

Prices of Super Diesel remained unchanged at Rs 478 per litre, Octane 95 petrol at Rs 495, and kerosene at Rs 285.

The reductions mark the first downward revision since Febr...