After 8 years,Delhi Metro Rail Corporation (DMRC) has approved the increase in metro fares.According to DMRC officials,Delhi Metro is facing a loss of Rs.708 crore due to increase in salaries and electricity usage and a delayed increase in fares.
Despite all these arguments, still government is opposing a sudden hike in price as it will cause problems to travelers. Also, Residential Welfare Associations (RWA’s) is opposing it indicating its adverse effect on budget 2018.
To avoid the inconvenience to the daily passengers,the process will proceed in two phases.A rise of 25% fare will be applicable from tomorrow and second phase will be applicable from October 1, 2017,fares will rise upto 66%.
The fare will rise from Rs.8 to Rs.10 and as follow.Although,a discount of 10% will be given to Smart Card holders and in non-peak hours.The localities are still disturbed by this step of metro authorities.It will signify a sudden fall in number of metro passengers in future. DMRC should go for other options too like advertisements and extending duration to 12 AM or by providing more facilities as a decline in passenger count due to hike in fares will ultimately decrease revenue.