Travelling by Delhi Metro would cost a third more than it did till date.
Effective Friday, when the Metro extends its reach across the state border with the opening of the Yamuna Bank-Noida route, the minimum fare will stand at Rs 8 and the maximum fare at Rs 30. Current rates are Rs 6 and Rs 22, respectively.
The fare hike is intended to help partly finance the ongoing expansion of the Metro network, said R.N. Joshi, director (finance), Delhi Metro Rail Corp.
Despite the hike, which ranges between 33 and 36 per cent, Delhi Metro would still count among the world’s cheapest.
In Singapore, the minimum fare is 2 Singapore dollars (Rs 67), in London £1.6 (Rs 123). Compared on a purchasing power parity, Delhi’s minimum fare is half and quarter of what a passenger pays in Singapore and London, respectively.
With the revised fares, the DMRC’s daily earnings will increase to Rs 1.24 crore from Rs 90 lakh now, it said.