Monday July 1 marks the beginning of a new financial year. And while there won’t be midnight fireworks to ring in the occasion, there will be (checks notes) increases to public transport fees. Yay?

Earlier this week Transport for NSW released its annual public transport fare increase notice, with secretary Josh Murray saying all changes are in line with Consumer Price Index movements and comply with the maximum Opal fare determination of the Independent Pricing and Regulatory Tribunal.

So, what does that actually mean? Basically, it’s an increase of 3.6 per cent across the board.

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Fares will vary depending on the distance travelled and the time of day, but for adults: train and metro services will increase by up to 49 cents; bus and light rail by up to 27 cents; and the ferry by 43 cents. For children or concession card holders the increase will be up to 24 cents to ride the train or metro; 14 cents for the bus or light rail; and a 22 cents increase for the ferry.

Fare caps still apply so adults will not be charged more than $50 per week and youth and concession card holders will not be charged more than $25. Murray also stated that weekend fares on Fridays will still apply, meaning that Friday trips will be capped at $9.35 for adults and $4.65 for youths and concessions for the whole day.

There is also no change to short bus and light rail journeys up to three kilometres in distance, and the transfer discount (lower fares when transferring between modes of transport within a 60-minute period) will also still apply.

Head here for more information.