Strætó public bus service is raising single fares by 3.6% and the price of passes by 3.3% as of July 1. The change means a single fare will go from ISK 550 [$4.06, €3.70] to ISK 570 [$4.21, $3.84] and a 30-day student/senior pass will go from ISK 4,500 [$33.24, $30.30] to ISK 4,650 [$34.35, €31.31].
The board of Strætó approved the fare hike at a meeting on May 19. Strætó reviews fares twice a year, and also increased fares following its last review in October 2022. A notice from the organisation points out that the consumer price index has increased by 5.2% since that time.
“The aim of the tariff policy was and is to ensure that the tariffs go hand in hand with Strætó’s operating costs,” the notice states. These costs include salaries, oil, maintenance, repairs, and spare parts. There will be no change to fares for disabled patrons.
At the same time, the Road and Coastal Administration is raising public bus fares in the countryside, meaning that a trip from Reykjavík to Akureyri will go up from ISK 10,780 [$79.63, €72.58] to ISK 12,540 [$92.64, €84.43], and a trip from Reykjavík to Keflavík will go up from ISK 1,960 [$14.48, €13.20] to ISK 2,280 [$16.85, €15.35].
Strætó is also transitioning its payment systems by phasing out the Strætó app and fully transitioning to the Klapp app on July 1.