DMRC Board clears hike in Delhi Metro fare, to come into effect from Wednesday

New Delhi: Travelling in Delhi Metro will now become more expensive for commuters as the Delhi Metro Rail Corporation Ltd (DMRC) Board has approved hike in the fare in various categories.

After the approval from the DMRC Board, the new metro fares will come into effect from Wednesday.

As per the Doordarshan News, the new fare slabs are Rs 10, Rs 15, Rs 20, Rs 30, Rs 40 and Rs 50.

#Delhi metro authorities approve hike in #metro fare pic.twitter.com/QSb3I8cW8Z

— Doordarshan News (@DDNewsLive) May 8, 2017

However, a senior DMRC official was quoted as saying by IANS that "the Board of Directors is meeting to decide on the hike in fares of Delhi metro."

"The announcement on the fare hike will be made in the evening," he said. The official also termed as "speculation" reports in the media about the quantum of hike in fares.

A panel appointed by the Urban Development Ministry had earlier recommended increasing the minimum fare from Rs 8 to Rs 10 and the maximum fare from Rs 30 to Rs 50.

Though the board took up the issue on November 7, no decision was taken as the Delhi government representative had sought more time to study the recommendations of the fare fixation committee (FFC).

Neither the Delhi government nor the Centre was in favour of any hike before the municipal polls, the sources said. 

The panel had recommended a fare revision formula based on the change in wholesale price index and input cost such as electricity bill and operation and maintenance expenses. 

The DMRC can revise the fare annually in January based on this formula, the panel had recommended.

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.