Loss of carbon tax helping BC Ferries stem sea of red ink, offset fare hikes

BC Ferries intends to offset future fare pressures with savings from the elimination of the provincial carbon tax, it announced Aug. 20. That, however, will not bring fare reductions to customers; savings will instead be passed on gradually and predictably if its proposal to the BC Ferries Commissioner is approved.

"In other words, what you’re paying today will stay consistent – avoiding sudden ups and downs tied to fuel prices – helping keep travel more affordable over the long term," explained BC Ferries spokesperson Ritinder Matthew.

BC Ferries uses fuel deferral accounts to keep fares stable when fuel prices fluctuate. The commissioner establishes a "set price" for fuel every few years, and if BC Ferries pays more than that set price, they can add a fuel surcharge to fares. If they