Prices of diesel and kerosene will go up by more than one peso on Tuesday, as industry players cited multitude factors in the world market.

According to industru sources, diesel and lkerosene will P1.20 to P1.50 per liter.

But for gasoline it is expected at P0.10 to P0.40 per liter.

According to sources, thisnis due to the increased loil demand in China as its economy recovers anew.

The increase in prices of imported fuel is tempered by the fears of further interest rate hikes and higher crude and finished product inventory of the United States.

Catherine R Cueto