Most public transport fares will increase by 4 per cent from next year.

From January 1, a two-hour ride in zones one and two during peak times will cost $3.90, up from the current $3.76.

A daily ticket will cost $7.80, up 28 cents.

A concession fare will rise from $1.88 to $1.95 for a two-hour ticket, while a daily ticket will increase from $3.76 to $3.90.