Delhi Metro fare hike: Travellers in the Delhi Metro train system will have to shell out more for their journey as of today as the long-pending fare hike has come into effect. The new passenger fare structure for Delhi Metro has been implemented from Wednesday itself. After the introduction of new rates, the fare structure will start at Rs 10 and go as high as Rs 50. According to a PTI report, the fare has been divided into six slabs:
However, the good news is that passengers who are carrying the so-called ‘smart card’ and travelling during the off-peak hours – between 6 AM-8AM, 12 PM-5 PM and 9 PM onwards – will be able to avail a discount of 20 per cent. Apart from this, on Sundays and national holidays (January 26, August 15 and October 2), there would be a discount of around Rs 10 across slabs. In case you are wondering what will be the exact new fare for you daily trip, you can check it out here, courtesy the Delhi Metro fare calculator.
“Although it would not turn us profitable overnight, it would at least prevent a further rise in the operating ratio of the company, which is around Rs 84 at the moment,” a metro official told PTI. The new fares were announced on 8th May but these were due for quite a while. “The fare revision has been long overdue and we have been demanding it. There are increasing operational costs like salaries and DA of employees,” a DMRC official was quoted as saying by The Indian Express when the hike was first proposed in September 2016.
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“In 2002, when the Metro began operations, the operating ratio was 0.42, which means we saved almost 60 per cent of the revenue. Today, the operating ratio is 0.67, which leaves us with 33 percent in savings. Of those savings, we have to pay off installments of the Rs 30,000 crore loan taken from Jica, the Japanese company which financed the project,” the official had said.