BC Ferries profit from fuel costs

It is outrageous that BC Ferries, instead of asking for a fare increase this year, is not reducing fares significantly

For years BC Ferries has justified their regular price increases based upon the rising cost of fuel.

In January 2014, the wholesale price of diesel fuel in Vancouver was 92.7 cents per litre. In January 2016, the wholesale price of diesel fuel in Vancouver was 50.7 cents per litre, a 45 per cent decrease in price since January 2014.

In calculating BC Ferries usage and fuel costs for this time period, BC Ferries is paying approximately $51 million less in fuel costs, compared to two years ago.

It is outrageous that BC Ferries, instead of asking for a fare increase this year, is not reducing fares significantly.

In TV interview after TV interview, passengers are saying the same thing, “We want everyday low prices.” No promotions, or specials, or other gimmicks – just everyday low prices.

Perhaps it is time to find a new BC Ferries CEO and B.C. transportation minister who can figure out how to significantly reduce prices – no excuses – just everyday low prices.

Rodger Darbey

Saanich

 

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