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BC Ferries implementing 5 per cent fuel surcharge on all sailings
BC Ferries said it had absorbed rising fuel costs before passing them on to riders through a temporary surcharge.
- Beginning June 16, Ferries will implement a temporary five per cent fuel surcharge across all routes, responding to sustained increases in global fuel prices.
- Driven by instability in the Middle East and concerns related to the Strait of Hormuz, global fuel prices have increased more than 40 per cent since early March.
- Authorized under the Coastal Ferry Act, the fuel deferral account previously absorbed costs; travel between Swartz Bay and Tsawwassen will now rise from $21 to $22.05, while vehicle fares increase from $89 to $93.45.
- Dallyn Willis, Ferries chief financial officer, said, "We know that any added cost matters to our customers," as the company reached a point where the surcharge is needed to manage elevated costs.
- If fuel prices stabilize or decline for a sustained period, Ferries said the surcharge will be reduced or removed as they continue monitoring market conditions to manage pressures responsibly.
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The Toronto Star+2 Reposted by 2 other sources
BC Ferries to implement 5% fuel surcharge across all routes starting June 16
VICTORIA - BC Ferries has become the latest transportation service provider to levy a fuel surcharge in the wake of high oil prices triggered by conflict in the Middle East.
·Toronto, Canada
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Coverage Details
Total News Sources20
Leaning Left11Leaning Right1Center3Last UpdatedBias Distribution73% Left
Bias Distribution
- 73% of the sources lean Left
73% Left
L 73%
C 20%
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