The Delhi Metro Rail Corporation is all set to double its fares in the wake of surging expenses and outgo on repayment of Japanese loan. The fare fixation committee of DMRC has recommended to increase the minimum fare from Rs 8 to a whopping Rs 15 while the maximum fare of Rs 30 is likely to go up to Rs 80. With the proposed increase in the Metro's fare, you will be required to pay almost double price for one-way fare.
The fare fixation committee is scheduled to submit its recommendations in the next two months for the government to take the decision. The committee is headed by a retired high court judge. According to reports, the proposed fare hike is the result of the sharp surge in the expenses for purchasing electricity and rising expenditure of the staff.
The proposed raise in the fares will help DMRC in meeting its expenses.
Earlier, the DMRC had raised its fares in the year 2009 when the minimum fare was raised from Rs 6 to Rs 8 while the maximum fare was increased from Rs 22 to Rs 30.