A bus users group from the Lancaster and Morecambe area has given its view on the rise in the cap in single fares from £2 to £3 announced in the Budget.
Jim Davies, chair of the Lancaster District Bus Users Group, said they were "fairly relaxed" about news of the increased cap.
The current limit of £2 was brought in under the previous Conservative government and is due to expire in December.
But the £1 offer on most evening and Sunday/bank holiday routes, introduced by Lancashire County Council from goverment funding in May, will remain in place across the county for now.
"I don't think anybody thought the cap would be permanent and we were worried that it would be abolished altogether," said Mr Davies.
"It's not as bad as it's been portrayed.
"It was only a cap on single fares. A lot of people who travel regularly won't really be saving an awful lot of money.
"The people who lose out, will be those who make longer journeys, people going up to the Lakes, Blackpool or Preston.
"£3 each way is still a bargain.
"I was also pleased to see that there was confirmation of £925m additional funding for bus services.
"Lancashire received £34m over three years ago to spend on bus services and that funding runs out at the end of the financial year.
"I assume this is a continuation of that funding and that's welcome, so improvements will be able to continue. Evening and Sunday services have improved in Lancaster. There is a better service on Sundays on the 100 (service between Lancaster University and Morecambe), and the evening service was put back between Carnforth and Morecambe.
"I'm also pleased that the £1 offer in evenings and on Sundays is not affected."
You can currently travel on most buses in Lancashire for £1 after 7pm, seven days a week.
The offer is expected to be available until at least March 2025.
On Sundays and bank holidays you can travel for just £1 all day on any bus in Lancashire, again expected to be available until March.
In today's Budget, the first by new Labour Chancellor of the Exchequer Rachel Reeves, the government announced that single bus fares will be capped at £3 from January 1 until the end of 2025, and nearly £925m would be invested to deliver high quality services and protect vital bus routes up and down the country.
"Millions of people will enjoy better bus services as the government invests over £1bn to protect vital bus routes and cap bus fares, particularly in rural communities and towns where there is a heavy reliance on buses," said a government spokesperson.
"The government’s announcement will ensure fares remain affordable from January 1 2025 and prevent a financial cliff-edge for bus operators that would have seen vital services put at risk across the country.
"The £3 maximum fare cap will keep bus travel affordable while ensuring the cap is fair to taxpayers, helping millions of people access better opportunities and protect vital bus routes, particularly lifeline services in rural communities.
"The cap will mean no single bus fare on routes included in the scheme will exceed £3, and routes where fares are less than £3 will only be allowed to increase by inflation in the normal way.
"Local authorities and Metro Mayors can also fund their own schemes to keep fares down, as is already the case in London, West Yorkshire and Manchester.
"The cap is being funded by £151m from government until the end of 2025.
"Local authorities can use the £925 million to introduce new bus routes, make services more frequent and protect crucial bus routes for local communities."
Cllr Rupert Swarbrick, Lancashire County Council cabinet member for Highways and Transport, said today: "Now that the Autumn Budget has been presented to Parliament, we will be taking some time to review its contents and implications on council services in Lancashire.
"Residents will be informed of any proposed changes that may come forward as a result."
Councillor Gina Dowding, of the Greens, said: “I am disappointed that the Chancellor in her budget has decided to keep the discount on the cost of driving while giving everyone that relies on buses an increase by raising the £2 bus fare cap to £3.“
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