Myki fares will increase in July, with a daily fare now costing $10, or $5 for concessions.
Regional fares were capped earlier this year to the same price as the maximum daily metro fare, so the price 8.7 per cent increase will be adopted across the state.
Usually, fares are increased annually in line with the Consumer Price Index on January 1.
In 2021 fares were frozen as part of the COVID-19 recovery, and the maximum daily full fare increased 20 cents, from $9 to $9.20, in 2022.
This year the increase was delayed in an attempt to ease cost-of-living pressures and introduce cheaper regional public transport fares as quickly as possible.
Victorian Government minister Lily D’Ambrosio said that despite the increase, the government was still helping Victorians with the cost of living.
“We’ve had further savings for the commuters through the delay in the rise of the transport fare,” Ms D’Ambrosio said.
“Just in these three months alone the savings for Victorians have been $12.3 million because of the realignment of regional fares with metropolitan fares.”
Currently, Myki fares cover only around one third of the operating cost of Victoria’s public transport system.