B-C Ferries is dropping the 1.5 per cent fuel surcharge currently being applied to the cost of each ferry ticket. The company’s vice president and chief financial officer says the recent decrease in the price of fuel allows for removal of the surcharge. Over the past 15 years, B-C Ferries has applied either a surcharge, rebate — or neither — to fares, in order to manage the volatility in the price of fuel. The company says it does not benefit financially from rebates or surcharges and only uses the mechanism as a way of assisting the company when fuel is more expensive than usual or reimbursing consumers when fuel costs dip below average.
