BC Ferries introduce temporary 5% surcharge amid rising cost of fuel

While the cost of oil and gas continues to climb due to the conflict in the Middle East, BC Ferries has introduced a temporary 5% fuel surcharge.

The new surcharge will be implemented beginning Tuesday, June 16th to help manage current fuel volatility and reduce the risk of larger fare pressures down the road. 

This surcharge will apply to all BC Ferries routes, including for walk-on customers, and has been authorized by the BC Ferry Commission.

“We know that any added cost matters to our customers, and we don’t take that lightly—especially for the people, communities and businesses that rely on our services every day,” said Dallyn Willis, CFO at BC Ferries. 

“Like others across the province, we’re feeling the direct financial impact of high global fuel prices.”

Willis added that BC Ferries has used their contingency fuel deferral account to absorb the rising fuel cost for as long as possible, but a temporary increase to fares is now required. 

Since early March, fuel prices have increased by over 40% for BC Ferries, and is one of the company’s largest ongoing operating costs. 

BC Ferries says that the 5% increase was determined based on several factors, including how far fuel prices rise above the estimated price levels established earlier in the year, how long elevated prices are expected and the balance of the fuel deferral account.

They noted that if fuel prices stabilize or decline for a sustained period, the temporary surcharge will be reduced or scrapped entirely. 

For the time being, BC Ferries will continue to review fuel market conditions and the fuel deferral account to determine whether adjustments are appropriate.

According to BC Ferries fare calculator, a Saturday sailing for one adult travelling from Swartz Bay to Tsawwassen costs approximately $69. With the added 5%, that fare becomes $72.45.

For a single adult Saturday walk-on fare from Swart Bay to Tsawwassen, a $21 fare becomes $22.05.