ISLAMABAD (Online) - In yet another wave of increase prices of petroleum products, Oil and Gas Regulatory Authority (OGRA) has raised rates of petrol, diesel and HOBC substantially. According to new prices, which were implemented with immediate effect, a Rs 3.3 increase per litre in Premier has elevated the product to a new of Rs 66.11, while high speed diesel gets a new ceiling of Rs 47.43, and light diesel Rs 41.89. The summary sent on behalf of OGRA and Ministry of Petroleum has been accepted, but price of kerosene oil was left unchanged, over which the government was giving a massive subsidy of Rs 1 billion. The petroleum prices have been raised by over 10 rupees within 45 days. Recently, after consultations with Finance Minister Ishaq Dar, the fortnight review was delayed, after which the prices were raised to the new level. According to the OGRA statement, the price of HOBC was also raised and it now stands at Rs 77.77. The increase was inevitable following rise in international oil prices.