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

Police ready to evict tent city campers from Goldstream Park

Officers expected to begin moving in on campsite area at 11 a.m. Thursday morning

Saanich offers land for housing for the homeless

Unclear many units of supportive housing the province will build in Saanich

MISSING: 26-year old Victoria man Gregory Partington

Partington was last see on September 19

Greater Victoria officers ready ride Tour de Rock

The annual ride across Vancouver Island for cancer research begins this weekend and arrives in Victoria Oct. 4 and 5

Rain and high winds to hit Vancouver Island this afternoon

Thursday and Friday to see downpour of 20 to 50mm and high winds on Vancouver Island

VIDEO: B.C. deer struggles with life-preserver caught in antlers

Campbell River resident captures entangled deer on camera

Watch out for Pavement Patty: Driver’s warned outside B.C. elementary school

New survey reveals unsafe school zones during 2018 back-to-school week

Admitting mistakes is the first step

On Friday afternoon a dramatic three-vehicle crash took place on Highway, an… Continue reading

Around the BCHL – Trail Smoke Eater grad to captain NCAA Michigan Tech Huskies

Around the BCHL is a regular look at the BCHL and goings-on throughout the junior A world.

Thieves escape after man claims his wife is giving birth

RCMP searching for suspects in brazen daytime break in

Rural Canada Post carriers could see 25-per-cent pay hike: spokesman

An arbitrator has released a ruling in a long-standing pay equity dispute at Canada Post

Seventh day of searching for missing plane between Edmonton and Chilliwack

Search efforts are concentrated along the Highway 5 corridor between Valemount and Kamloops

Freeland brings optimism back to NAFTA talks

NAFTA talks resume in Washington

BC Children’s Hospital warns of possible PayPal fraud

Recipients are asked to forward the emails to PayPal

Most Read