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

Suman, mom of Reena Virk, has died

Mother of Reena Virk was an activist against bullying

Local scholarships increase support

Rotary and Sno’uyutth Legacy Scholarships bump up payments by 50 per cent

Meet your community news team during the third annual Oak Bay News community tea

The Oak Bay News hosts the free tea June 21 at Carlton House

B.C. turns up the heat

Environment Canada has issued a special weather statement for most the province due to high temperatures

Third elephant seal moults on Gonzales Beach

Victoria City staff were out this morning shifting pylons to protect an… Continue reading

Border officials argue B.C. man’s Facebook posts threat to Canada’s security

A B.C. Supreme Court judge acquitted Othman Hamdan of terrorism charges last September

Search for capsized fishers near Tofino enters fourth day

“There’s a lot of shock in the community in terms of how we could end up at this place.”

B.C. announces $75M to help friends, family care for seniors at home

Funding will go towards respite care and adult day programs

Timely tide attracts another pod of orcas to Victoria

The pod left the harbour about 30 minutes later

Canada won’t ‘play politics’ on U.S. migrant children policy

The U.S. government is under fire over its ”zero tolerance” policy

Capitals coach resigns after Stanley Cup win

Barry Trotz announced his resignation on Monday

Baseball HarbourCats sit at .500 heading into Bend road trip

Port Angeles wins two of three in weekend WCL series in Victoria

Most Read