BC Ferries is doing something it hasn’t done in 13 years – it’s holding off on a fare increase.
Technically, fares are going up 1.9 per cent April 1, but that will be offset by a matching cut in the fuel levy, thanks to a drop in the price of diesel.
“With the continued decline in cost of diesel oil coupled with the fact we’ve locked in the price for the majority of our fuel, we are pleased to be in a position to increase the fuel rebate which will negate the tariff increase for all of our customers,” said Dennis Dodo, BC Ferries’ Chief Financial Officer in a release. “Given the current price of fuel on world markets, we expect to maintain a fuel rebate for the foreseeable future.”
The cost of reservations, assured loading tickets and the buy-in level for Experience Cards will also not increase on April 1.
The company still says it needs regular fare hikes so it can replace one ship per year for the next 12 years in order to maintain a safe and reliable service.