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

Pregnancy Outreach Program launches in Port Hardy

North Island Building Blocks Program is called K’wi’Kwalayu or “our reason for living”

Find out what the tax increase will be in your area of the Tri-Port

The Gazette reached out to all three communities financial departments requesting numbers to crunch

Tree falls inches away from Port Hardy home

The tree narrowly missed the residence on Wolleson Street

Port Hardy firefighters to earn money for calls

Council has approved a Fire Department Remuneration policy

A memorial mural will be painted in Port Hardy

The mural will honour lives lost to substance abuse and mental health

Trans Mountain pipeline: Is it worth the risk?

Concerns range from the threat of an oil spill to the impact of tanker traffic on wildlife

Loggers Golf Tournament nearly full, sign up to play before June 1

Applewood Ford will be donating a car if a golfer gets a hole in one on the 11th hole.

B.C. to spend $181M to create 200 general practitioner jobs

Jobs will go to new medical school graduates

Federal leaders trade barbs about India trip at press gallery dinner

Justin Trudeau’s infamous trip to India earlier this year was the focus of many of the jabs

B.C. VIEWS: Our poverty reduction plan is already in place

NDP has another promise it needs to appear to keep

WestJet pilot strike averted as parties agree to mediation

Pilots had warned they could go on strike starting May 19

Most Read