BUS passengers will see fares capped at £2 for single journeys next year.
Transport Secretary Grant Shapps will provide £60million so operators can limit prices to help with the financial squeeze.
Ministers want to make it cheaper to get to work, school and shops for the first three months of 2023.
Mr Shapps called it “concrete help that will lower daily expenditure”.
The average three-mile trip currently costs £2.80.
Transport for London journeys have a pay-as-you-go flat rate of £1.65 if made within an hour.
The new £2 cap will work with the same idea as TfL’s bus fares and will hopefully save Brits hundreds while it lasts.
So far, Labour mayors in West Yorkshire, Greater Manchester and Liverpool City are plotting to introduce the capped bus fares city-wide.
The move means lengthy journeys could be cut from as high as £19 down to £2, saving commuters well-earned pennies in the process.
The scheme aims to cut the cost of trips from rural villages to city-centres and help day trippers save funds.
As it stands, it costs £12 for a day ticket from Peterborough to Norwich with First Excel and £19 from Leeds to the coastal town of Whitby.
Under the scheme, those journeys will both cost just £2.
It will not apply to coaches and won’t cover Scotland or Wales.
One driving factor behind the transport change-up is the record-breaking cost of fuel.