This Saturday, October 1, the new bus fare will be in effect. The fare will be raised 12.5% across the board, applying to both single tickets and monthly passes.
In the announcement, Strætó indicates that the fare has remained unchanged for some time. However, operational costs have also risen sharply recently, including 40% increases in oil prices. Strætó also claims to be especially impacted by shorter working hours in the workforce, which have resulted in operational budget deficits.
The price hike is intended to minimize further “optimization” of routes in the capital region.
Read more: Strætó Reduces Public Bus Service in Reykjavík
Despite the fare hike, Strætó emphasizes in the announcement that with plans to have a carbon-free bus fleet by 2030, Iceland will be insulated from future fluctuations in oil prices.
The new pricing structure, which was approved September 16, is listed on Strætó’s website as follows:
|The elderly||275 kr.|
|Disabled people||165 kr.|
|Children, 11 years and younger||0 kr.|
|30 DAYS||12 MONTHS|
|Adults||9.000 kr.||90.000 kr.|
|Youth||4.500 kr.||45.000 kr.|
|The elderly||4.500 kr.||45.000 kr.|
|Disabled people||2.700 kr.||27.000 kr.|
|Children, 11 years and younger||0 kr.||0 kr.|