This means that the Delhi Metro will have to bear the manifold rise in its operation expenses for a few more months. The fare hike, which was planned in June last year, may come into effect around May or June this year. According to officials, the existing system of revising the fare is taking longer, which is leading to the delay in increasing fares for the metro.
After the Delhi Metro had placed its demand for fare revision, it took months to form the fare fixation committee under the union urban development ministry. The committee was formed only a few weeks ago.
HT first wrote about Delhi Metro's plan to revise fares (Power punch: Metro to hike fares, June 28, 2012).
"We need to revise the fares so that we do not have to compromise on our service. Our overall expenditure on operating trains has gone up by at least 10%," said an official of the Delhi Metro Rail Corporation (DMRC).
One of the prime reasons that prompted the Delhi Metro to go in for a fare revision was a steep increase in its operating expenses because of power consumption. Before the hike in power tariff, which took place in June last year, DMRC spent 30 per cent of its operating expenses on power consumption. According to sources, it spent R3.80 on each unit of power. With the new hike, the expenditure rose to Rs. 5.