Cash and Oyster single fares will not rise next year London's mayor announced today.

Ken Livingstone has confirmed single fares for the capital's Tube, tram and Docklands Light Railways will remain at their current level.

However Travelcards, which have to be approved by the National Rail Train Operating Companies, will rise in line with inflation.

According to the mayor the price freeze on single fares means in real terms they will be lower than they were this January.

The mayor's critics have accused him of using the announcement to curry favour with the electorate ahead of 2008's mayoral elections.

Single Oyster fares for the bus and tram will remain at 90p, the weekly bus pass will remain at £13 and the one day bus pass will be frozen at £3.50.

On the buses and trams single cash fares will remain at £2.

The Tube will see single fares with Oyster remain at £1.50 and £4.00 when paying by cash.

He said: "Single Tube, bus, DLR and tram fares will be frozen from January 2008, as we look to share the city's economic success with our passengers.

"Record passenger numbers and careful control of operating costs have boosted transport revenues.

"Following the recent 10 per cent reduction in single bus fares, by freezing cash fares for 2008 I am now ensuring that the benefits will be felt by millions more Londoners.

According to London's Transport Commissioner, Peter Hendy, the number of passengers on London's buses has reached 6.1million and the Tube carried a billion passengers for the first time last year.

Fares in full

  • The Oyster peak single fare remains at 90p - the Oyster daily price cap is also frozen, which means Oyster users will never pay more than £3 regardless of how many trips they make each day.
  • The cash single fare is frozen at £2 for bus and tram travel.
  • The One Day Bus Pass is frozen at £3.50 and the seven-day Bus Pass is frozen at £13.
  • The bus Saver price remains at £6 for six trips.
  • Single Tube fares will remain at £1.50 for Oyster and £4 when paying cash.