Key takeaways:
- The B.C. premier says that consumers should get their money as soon as May.
- Premier John Horgan and Minister of Public Safety and Solicitor General Mike Farnworth declared the money during a Friday morning press.
British Columbians who have been feeling the bit at the pump will be getting a refund of $110 from the regional government meant to reduce the financial load of rising gas costs.
Premier John Horgan and Minister of Public Safety and Solicitor General Mike Farnworth revealed the money during a Friday morning press conference. Both officials repeated the move is required because of the continuing war in Ukraine and its effect on international fuel prices.
Horgan said the repayment is “absolutely related” to the Russian attack overseas, which he said could continue for some time.
“We are not out of the woods yet,” stated the premier.
The government has set aside $395 million to dole out to B.C. drivers — both private and commercial.
Most ICBC clients who had a primary auto insurance policy during February are suitable for the $110 amount. Commercial drivers will get $165 because, according to Horgan, their costs usually are higher.
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Could you show me the money?
There is no requirement to apply for the refund; it will be given to eligible ICBC clients beginning this spring.
Drivers registered with the insurance company for direct deposit can anticipate a deposit or credit card rebate in May. All other clients should look for a cheque in the mail in June.
Farnworth said ICBC is in an advantageous position to cut the cheques.
“This is another chance to put money back in the pockets of the hardworking individuals who make this region a fantastic place to stay,” said Farnworth.
The insurance provider also gave two COVID-19 refunds with a combined average of $300 the previous year due to declined claims.
Source – cbc.ca
