How much will London tube and bus fares increase by and when are prices rising?

People waiting for a London bus outside an underground station — TfL services will be hit with price rises in 2023 (Picture: Wiktor Szymanowicz/Shutterstock)

London’s commuters have been faced with chaos over the past few months, as Transport for London (TfL) strikes have caused huge disruption to travel, and more misery is on its way in 2023.

As the cost of living crisis continues to bite, TfL has announced price hikes to its London Underground and bus services, which will come into force later this year.

But just when will prices rise, and how much will they rise by?

Here’s all you need to know.

When will TfL price rises come into effect?

Commuters on the London Underground — Commuters have been hit by a barrage of strikes in the last few months (Picture: Getty)

Mayor of London, Sadiq Khan, announced this morning that London’s Tube, bus, Overground, Elizabeth line, DLR and tram fares will jump by an average of 5.9% from March 5.

Mr Khan said he was forced by the government to rise prices in line with the 5.9% national rail price rise.

He said: ‘I froze TfL fares for five years from 2016 to make transport more affordable for millions of Londoners. But my hands have been tied since the pandemic by the strict conditions set by the government in the recent emergency funding agreement for TfL, which means fares have to be increase in London by the same amount as National Rail fares – 5.9 per cent.

‘This is a challenging time for our city, with a government that is not fully funding our public services, but I’m determined to step up so that we can continue building a greener, safer and fairer London for everyone.’

Additionally, a ban introduced at the start of the Covid-19 pandemic on pensioners travelling for free on TfL services before 9am has been made permanent from today (Wednesday January 18) , a move which will generate an extra £40m a year in extra fares.

How much will TfL prices rise by?

For the second year running, bus fares will rise by 10p, meaning that from March 5, a single bus journey will cost £1.75.

The daily cap on multiple bus trips will rise by 30p, to £5.25.

On London Underground services, the Zone 1-6 TfL fares cap for contactless and Oyster cards will rise to £14.90 per day and £74.50 per week.

Other TfL price changes coming into force in March

A zone 1 peak-hours Tube fare will increase by 30p to £2.80, a 12 per cent jump.
Off peak, the Zone 1 Tube fare increases by 20p to £2.70.
Most single Tube fares will rise by 10p.
A seven-day bus and tram pass will increase by £1.40 to £24.70.
The Hopper ticket, which allows multiple bus journeys within an hour for the cost of a single fare, will be retained.
The daily cap on Tube or rail travel within zones 1-4 will increase by 70p to £11.70

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