MANSFIELD residents will enjoy lower V/Line fares from Friday, March 31 as daily fare caps are rolled out across the state.

Fares will be capped at $9.20 for a full fare or $4.60 for a concession and at $6.70 and $3.35 for concession on a weekend or public holiday, saving residents up to $52.80 for a round trip to Melbourne.

The fare cap applies to all PTV regional buses, town buses and V/Line trains and coaches and will also include interstate travel within 60 kilometres of the Victorian border.

Premier Daniel Andrews said, "We're proud to be making regional fares fair – making public transport accessible to passengers who live in every corner of our state and opening up regional Victoria to more visitors.

"It's a big difference to have that money in your pocket rather than ours."

Tickets are now bookable via the V/Line website or office.