Cost of your Tube journey could rise or fall depending on demand

TUBE fares could rise and fall in line with post-pandemic demand in a bid to get more Londoners traveling, Sadiq Khan has suggested.

- Ross Lydall

The Mayor confirmed that so-called “dynamic pricing” was under consideration by Transport for London — but said there may be insufficient time to introduce it as part of the annual fares rise. Mr Khan is due to announce next week whether Tube and bus fares will rise in line with national rail fares, which will increase by 4.9 percent on March 3. TfL’s “working assumption” is a four percent rise. But TfL fares have to increase by at least by the same amount as commuter rail fares to prevent TfL losing money on Travelcard tickets, which can be used on trains, buses, and the London Underground.