Delhi Metro to hike fares

Delhi Metro to hike fares

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Hike in electricity tariff has forced Delhi Metro to increase the price of its tickets. The Delhi Metro has asked the Urban Development Ministry to quickly form a committee in order to revise its fares. The last time that DMRC increased its fares was back in November 2009.

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Mangu Singh – chief of the Delhi Metro Rail Corporation (DMRC) – in a letter to Secretary of Urban Development, Sudhir Krishna noted that power tariffs have been hiked from August 1, 2013 by the Delhi Electricity Regulatory Commission. Singh went on to say that the cost of other inputs has also been increasing and in turn, affecting the Delhi Metro’s financial situation.

While talking to reporters, officials said that this is the second time in 2013 that Singh has asked for a raise in fares. In an earlier letter, Singh mentioned the effect of inflation on DMRC’s finances. The Delhi Metro Act says that the central government from time to time can constitute a Fare Fixation Committee in order to recommend passenger fares.

The Committee can consist of a chairman and two other members and the chairman has to be a person who either is, or has been, the judge of the High Court.

Photo Credits: India TV