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Single adult bus and tram fares in London are set to rise by 10p to £1.85 from November, Transport for London (TfL) has announced.
The updated cost incorporates the ‘Hopper’ fare system, which allows passengers to make unlimited journeys on the capital’s buses and trams within one hour for a single charge, the company explained in an email to customers.
Fares for those with eligible concession cards will also rise by 5p, with the price increases set to come into force from 1 November.
However, price caps for Tube, rail and Travelcards will stay frozen until next March, according to TfL.
The increase will be the first in TfL’s bus and tram fares since March 2023.
In summer, London Mayor Sir Sadiq Khan extended the bus and tram fare freeze to November after it was originally set to expire in July.
At the time, TfL said this was an “emergency cost-of-living measure to support Londoners on the lowest incomes” and the seventh freeze of bus and tram prices in the last 10 years.
November’s 10p increase means bus and tram fares will be 35p higher than they were 10 years ago, the company said.
A TfL spokesperson said: “We are committed to ensuring that London’s public transport remains affordable and accessible for all, with revenue raised via fares reinvested into improving services across London.
“London’s bus fares remain some of the lowest in the UK, and this is only the third time they’ve increased over the past decade, meaning they are still 17% lower than if they had risen in line with inflation throughout this period.”
It comes after a new publicly owned bus company was announced for London, with Transport for London (TfL) describing the move as a "major milestone" intended to improve services for drivers and passengers.
Route 6 between Willesden and Victoria station will be the first service to operate under Buses for London when it launches in late 2027.
TfL currently contracts operations to eight private companies across the capital’s almost 700 bus routes.
The transport body said the creation of a publicly owned bus company will afford it greater control over how services are run.
Buses in the capital have been privately run for three decades, except between 2000 and 2009, when TfL managed some routes before they returned to private ownership.
Sir Sadiq Khan, said at the time: "This is an opportunity to really reimagine our bus network so that it provides better value for money, supports our climate goals, makes our roads safer, and overall just works better for passengers and drivers alike.”