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You can ride city buses for free after 8 p.m. on New Year’s Eve, but after that you’ll pay more to use London Transit.

The London Transit Commission (LTC) is hiking fares Jan. 1, the first increase in 12 years.

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Cash fares will cost $3, up from $2.75, for adults, students and seniors. Children younger than 12 still will ride for free.

A bundle of five tickets for adults will cost $11.25, which amounts to $2.25 a trip, up from $1.90.

Students in grades seven to 12 will pay $1.80 a trip, when they purchase five tickets, up from $1.54, while seniors buying five tickets will pay $1.70 a ticket.

An unlimited monthly pass will rise to $95 from $81 and the low-income pass, formerly $52, will cost $61.

However the subsidized fares could be in jeopardy depending on decisions London city councillors make.

“All of the subsidized passes that would (include) seniors, income-based pass and the youth pass, as well as kids ride free, are all subsidized by the City of London,” said Kelly Paleczny, the LTC’s general manager. “It’s one of the business cases that will be debated over the budget cycle. If council decides to stop those programs, then they will no longer be in place.”