Passengers on major routes between Vancouver Island and the Mainland will pay less now that BC Ferries is dropping its fuel surcharge.

BC Ferries ends fuel surcharge as oil falls

Extra 3.4 per cent charge eliminated as price of diesel falls, ferry corporation hedges its costs

BC Ferries is ending its 3.4 per cent fuel surcharge, effective Wednesday, in the wake of the plunge in the price of crude oil in recent months.

President and CEO Mike Corrigan cited the drop in the cost of diesel for the decision.

“With the current favourable market conditions, we have been hedging our

diesel fuel costs and are now in a position to eliminate the fuel surcharge,” Corrigan said. “We know that fare affordability is an issue for our customers.”

Fuel surcharges were originally added when oil prices spiked to record levels of around $150 in 2008 and have been on and off since then, depending on fuel prices.

Oil prices have fallen nearly 50 per cent from their 2014 high of $110 but diesel prices have not fallen to the same degree.

Just Posted

Two popular Oak Bay art pieces to be installed permanently

Bodhi Frog and The Hunt stay thanks to public support and Oak Bay arts laureate Barbara Adams

Deadline looms for second annual Acorn Arts Award

Nominations for Oak Bay award must be in by Jan. 19

VIDEO: Murdoch to run for mayor

Two-term councillor Kevin Murdoch announces his intent to run for mayor’s chair in fall election

Langford loses bid to host Amazon HQ2

Mayor hopes to attract more tech jobs to city

Woodwynn Farms to be shut down and sold

The rehabilitation program at Woodwynn Farms is being shut down. According to… Continue reading

VIDEO: Murdoch to run for mayor

Two-term councillor Kevin Murdoch announces his intent to run for mayor’s chair in fall election

Late charge in Portland sees Victoria collect third straight WHL win

Matthew Phillips leads the way with three-point night in 4-2 win, Giants up next

UPDATE: Police release new footage, launch website in hunt for 13-year-old’s killer

IHIT say no one has been arrested or charged in connection with Marrisa Shen’s death

No crackdown, just education as BC Ferries enacts smoking ban

Fines and extra patrols not happening at this time as ban begins Monday

Suspected Toronto serial killer targeting gay community arrested

A 66-year-old man is charged with first-degree murder in disappearance of two Toronto men

‘Sing Me a Song’ about B.C. for a chance at $1,000 contest prize

Entries due by March 30 for lieutenant-governor’s British Columbia-themed competition

Opinion: Dare to be smarter

Just say no works for more than just substance abuse

Facing reality of death, B.C. man learns real meaning of life

Even while preparing for the end, something inside Keven Drews won’t let him stop living

Former B.C. fire chief gets seven months for possession of child porn

The 63-year-old pleaded guilty during a brief hearing last year to one count

Most Read