The cost of inaccuracies

The subheadline for "BC Ferries hiking fares 3.5% to cover rising fuel costs" on CBC News online on January 2, 2014, states that the cost to BC Ferries for every 1 cent per litre increase in the price of fuel is "$12M per year", but

the article's third sentence claims the cost is $1.2M. I don't know which figure is correct and both figures remain the same. Click an image to enlarge it.