“There will be a total of six fare slabs, against the existing 15, with a minimum fare of Rs 10 and a maximum fare of Rs 50 in phase-I,” Delhi Metro said.
The prevailing 10 per cent discount on every journey made by a passenger using a Smart Card would be continued. “To avoid overcrowding during peak hours, an additional 10 per cent discount will be given to passengers using Smart Cards who exit from the Metro system during off-peak hours (6 am to 8 am, 12 pm to 5 pm and 9 pm onwards).”
DMRC had been pushing for a fare revision, citing increasing expenses to run the system. Between March 2009 — when the last hike was effected — and March 2016, the DMRC’s expenses went up six-fold from Rs 724 crore to Rs 4,342 crore, with fare revenue seeing a slightly slower increase. Expenses, in contrast, shot up by a higher proportion as electricity and staff costs more than doubled. As a result, from a profit of Rs 41 crore in 2008-09, DMRC incurred losses of Rs 708 crore during 2015 16, the latest period for which official numbers are available.
DMRC said the operational ratio at present is 69, which has increased from present is 69, which has increased from 50 during 2009 when fare was revised last. Operational ratio is the expenses incurred for running the system, which also includes pay and other expenditures.
To push digital payment, the DMRC Board has approved giving additional 10% rebate on fare, if the passengers use the Metrol Rail during non-peak hours. Off-peak hour has been defined as up to 8 am in the morning, 12 noon to 5 pm and 9 pm till the closing hours. At present, passengers using smart card get 10% discount on the fare. So, from Wednesday onwards using smart cards during non peak hours will actually reduce the fare by 20%.
“This is one of the interventions to encourage people to use the Metro trains when it’s less crowded,” a government official said.
The board has also approved the recommendation of implementing Common Mobility Card for all other modes of transport.