TABLE-Malaysian crude oil OSP for July falls $5.35 to $61.54/bbl

(For a list of OSPs, click, for Malaysian OSPs, click

)

Aug 3 (Reuters) - The official selling price of a basket of

Malaysian crude oil for July-loading has been set at

$61.54 a barrel, state-owned Petronas said on Monday.

The July price for flagship Labuan fell $5.35 a barrel from

June. The price had reached its lowest in January since April

2009.

Petronas introduced a new benchmark starting January 2014,

based on the spot differentials to dated Brent for three grades

- Labuan, Miri and Kikeh.

As a result of the change, Tapis Blend was dropped as the

key pricing reference to dated Brent due to low liquidity and

falling output.

Kimanis, a new grade that started production in the fourth

quarter of 2014, could be included in the price reference basket

in late-2015 or 2016.

Here are the OSPs for the Malaysian grades:

PETRONAS 2015 TERM PRICES (INCLUDES "P" ADJUSTMENT)

JULY JUNE MAY APRIL

LABUAN $61.54 $66.89 $69.37 $64.76

MIRI $61.54 $66.89 $69.37 $64.76

KIKEH $61.54 $66.89 $69.37 $64.76

TAPIS $59.04 $64.39 $66.87 $62.26

DULANG $61.14 $66.49 $68.97 $64.36

BINTULU $58.74 $64.09 $66.57 $61.96

(Reporting by Jacob Gronholt-Pedersen in Singapore; Editing by

Anand Basu)