Commuters face above-inflation fare rises. File picture: Katie Collins/PA Wire

Revellers heading out in London tonight to see in the new year will benefit from free travel on the capital’s public transport network.

There will be no charge on the Tube, buses, trams and the DLR from 11.45pm until 4.30am tomorrow, while it will also be free until last trains on the London Overground.

Thousands are expected to pack the banks of the River Thames to watch tonight’s annual fireworks display.

Sir Peter Hendy, London’s transport commissioner, said: “The year 2012 has been a fantastic year for London, and I am sure that many people will be out in the capital celebrating it in style.

“Passengers travelling on New Year’s Eve should make sure they plan ahead for their journeys home.

“They can either make use of the free travel being provided on our services, or if taking a taxi they should make sure it is a black cab or a pre-booked minicab.”

Commuters are warned that some selected Tube stations will be closed completely or for periods at a time. Night buses and 24 hour routes will also be operating, some routes may be on diversion due to road closures in central London.