Bus Fares to Rise by 11 Percent

public transportation iceland

Strætó, the public transport company which operates city buses in the Reykjavík capital region, has announced a new price structure. The change comes into effect on January 8 and bus fares will rise by 11 percent on average, Viðskiptablaðið reports.

A single fare will now cost ISK 630 [$4.60, €4.20], up from ISK 570 [$4.20, €3.80]. Strætó last raised its prices in September of 2022, when a single fare cost ISK 490 [$3.60, €3.30], citing higher fuel prices. This amounts to a 29 percent hike in the 16 month period.

No price changes outside of the capital area

The decision was made by the Strætó board, according to a press release, and ratified by the ownership committee, representatives of the six capital area municipalities who own the company. They are Reykjavík, Kópavogur, Hafnarfjörður, Garðabær, Mosfellsbær and Seltjarnarnes.

“The operational status of Strætó was considered before making the decision, as the accumulative effects of the Covid pandemic can still be felt,” the press release said. “The higher prices also help alleviate higher operating costs for Strætó and increased payroll costs and reduce the need to cut back on Strætó services in the capital area.”

The new price structure only applies to Strætó’s capital area routes and no changes have been made to the prices for routes outside of the capital area.