London has one of the most extensive and impressive public transport systems in Europe.
With the option to travel by bus, taxi, subway, metro, tram and even in the sky, the capital makes traveling easy.
But, with so many transportation services, the cost of maintaining them grows every year, seeing a ripple effect on ticket prices.
And that’s no different for 2023, with metro and bus fares set to increase starting next month.
It comes after the news was confirmed in January, when London Mayor Sadiq Khan declared that Tube, Bus, Overground, Elizabeth Line, DLR and Trams would increase by 5.9%.
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— TfL (@TfL) February 22, 2023
Khan said the government forced him to make the increase in line with the 5.9% rise in prices for the national rail.
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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 under the strict conditions set by the government.”
When will metro fares increase in 2023 and by how much?
Transport for London (TfL) shared that the 5.9% increase would be on March 5, 2023.
- The rates that are changing are:
- bus and tram
- All simple pay as you go and paper fares on the Tube, DLR, London Overground and Elizabeth lines
- Daily and weekly limits
- Daily, weekly and other travelcards
- River bus services
- IFS Cloud Cable Car
Most adult tickets will increase by between 10p and 30p, and the maximum adult pay-as-you-go fare for a trip in Zone 1 will be £2.80.
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— TfL (@TfL) February 22, 2023
In addition, the new off-peak adult pay-as-you-go fee for a ride in Zone 1 will be £2.70.
In addition, the adult off-peak pay-as-you-go fare in a single zone (not Zone 1) will be £1.80 and cash fares, known as single and return paper tickets, for Zones 1-6 will increase by 40p to £6.70
How much are London bus fares?
Bus and tram fares for adult pay-as-you-go fares will increase by 10p to £1.75, and the daily limit will increase by 30p to £5.25.
In addition, the daily limit for those aged 16 and over will increase by 15p to £2.55.
That means the seven-day weekly limit will cost £24.70, the monthly will cost £94.90 and the yearly limit will cost £988.