By Gerardo R. Partido
Variety News Staff

GASOLINE prices on island have breached the $3 level anew as Mobil yesterday quietly raised its fuel prices.
Mobil regular gas went up by 10 cents per gallon, from $3.03 per gallon to $3.18 per gallon.
The price increase reflects the rise in fuel prices in the Singapore fuel market, where the island’s fuel companies source their supplies.
Singapore prices have been increasing since Feb. 20 but so far, the two other fuel companies on island have not yet announced a price increase for their gasoline products.
However, this is not expected to last as Shell, South Pacific Petroleum and Mobil usually mirror each other’s prices.
Because of the increase in the price of fuel in the international market, Matson Navigation is also raising its fuel surcharge for Guam and the CNMI, citing recent increases in bunker fuel prices.
The company is raising its fuel surcharge by two percentage points, from 17.5 to 19.5 percent, effective March 11, 2007.