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

Launch party for Vancouver Island’s new soccer team a success

Over 3,000 seats will be added to Westhills Stadium in the next 6 months

Two people rescued after falling from lifeboat at Ogden Point

Crew members of the Explorer of the Seas cruise ship fell into the water Thursday night

Saanich pedestrian incidents reflect recent trends

76% of crashes involving pedestrians happen at intersections

Group pushing to preserve Saanich Hydro land as park

Neighbours petitioning to buy surplus land on Kings Road

View Royal Park sign taken down after glitch redirects to pornographic website

Resident looking to learn more about workout equipment discovered the problem code

BC Games: Day 1 comes to an end

Medals have already been handed out following one day of competition in the 2018 BC Summer Games

Five fun things to do this weekend

From a paint in to festivals, there are lots of fun events taking place this weekend

Big-time racing on tap in Langford this month

Western Speedway the place to be for a roaring good time in summer

BC Wildfire update on Okanagan blazes

Watch the media briefing on the current fire situation in the Okanagan.

ZONE 6: Rugby star Maggie Banks carries family legacy to BC Games

Shawnigan Lake student and Coquitlam native following her parents to the national program

RCMP help to save goats from wildfire

The fast-approaching wildfire, sparked Thursday, forced the evacuation of five homes

VIDEO: Near drowning captured on popular B.C. river

Search and Rescue manager says the popular pastime of floating in the summer is inherently dangerous

Crosswalk vandalism leaves black mark for Cowichan as B.C. Games begin

Rainbow crosswalk defaced just days after being painted

Saanich balances need for sewer with rural protection

A Saanich councillor says the public does not need to be concerned… Continue reading

Most Read