The mayor of London has said that bus and tram ticket prices will once more be fixed, while Tube and rail fares will increase by an average of 4.6 per cent in 2025.
Depending on the zones travelled through, the daily cap will increase by 40p to 70p when the increases take effect on March 2.
According to Sadiq Khan, the funds obtained from fare increases will be used to improve Transport for London (TfL) services.
He said: “Following the government's budget, ministers made clear that to secure national funding for key transport projects in the future, TfL Tube and rail fares would need to increase in line with national rail fares.
“Vital national government funding will allow us to progress exciting future projects, such as Superloop 2 and more upgrades to the Tube network.”
TfL said the 4.6 per cent increase in Tube and train fares is simply an average, with some rates increasing by less and others by more due to rounding.
Concessions such as the 60+ London photocard, the 18+ student photocard, the 18-25 carer leavers pass and Zip photocards will not change.
How much do London Tube and bus fares cost?
Bus and tram
For the sixth time since 2016, bus and tram rates have been frozen, allowing passengers to continue making unlimited trips within an hour for £1.75.
Tube and rail
The current price of London's Tube and rail fares varies according to the time of day, day of the week and direction of travel.
A single journey on the Tube in Zone 1 costs £2.80 with an Oyster or contactless card. From March 2, a single pay-as-you-go fare in zone 1 will increase by 10p, making the new total £2.90.
The one-day anytime cap for Zones 1 and 2 is currently £8.50. The daily cap for Zones 1 and 2 will increase by 40p bringing the new total to £8.90.
An adult day travel card for Zones 1-3 costs £10.00 for an anytime day and an off-peak day. Those travelling between Zones 1 and 3 will pay a maximum of £10.50 daily, a rise of 50p.
