The Delhi Metro Rail Corporation's (DMRC) upcoming price hike may not have gone down well with the passengers but a steep rise in input costs over the last seven years had squeezed the options for the Mass Urban Rapid Transport system.
Metro fares were last revised in 2009 when the minimum tariff was raised from Rs 6 to Rs 8 and the maximum fare from Rs 22 to Rs 30. "The last fare revision took place in 2009 and the fourth committee was set up after nearly seven years in 2016", said a DMRC spokesperson.
DMRC hiked its fares on Monday with the maximum fares going up to Rs 50 from the earlier Rs 30. "Phase-I will be implemented from May 10, while Phase II will be implemented from October 1", said a DMRC spokesperson.More news: Powell scores 25 as Raptors beat Bucks 118-93 in Game 5
"The announcement on the fare hike will be made in the evening", he said.
DMRC said it had not worked out details of the expected revenue increase, but after the increase, while loan repayment costs will be covered, the entire depreciation costs will not be covered, said Saberwal. "Dearness Allowance has gone up by around 95 per cent while the average minimum wage cost has increased almost 156 per cent", he said. The existing 10 per cent discount for smartcard holders will continue.
Dayal said on Sundays and national holidays (January 26, August 15 and October 2), there would be a discount of around Rs 10 across slabs. For smart card users, who get 10 per cent discount, DMRC will provide an additional 10 per cent discount during the off-peak hours - up to 8 am, 12 noon-5 pm, and 9 pm onwards.More news: Texas Police Have Fired The Officer Who Shot And Killed Jordan Edwards
"The above discount is applicable from Monday to Saturday".
There will be no change in the fares of Airport Express Line. "This is to ensure that load during peak hours and non-peak hours is even".More news: 85-year-old died trying to become oldest Everest climber