The current revision would be done in two phases - May 10 and October 1, 2017.
"There will be a total of six fare slabs as against the existing 15 fare slabs with a minimum fare of Rs 10 and a maximum fare of Rs 50 in Phase I," Delhi Metro said in a press release.
The minimum fare would remain the same but the maximum fare would go up to Rs 60 from October 1.
The fare revision has been recommended by the 4th Fare Fixation Committee as per the provisions of Delhi Metro Rail (Operation & Maintenance) Act, 2002. The 4th FFC was set up after almost 7 years.
The panel is a three member committee chaired by an existing and/or a retired judge of High Court and one representative each at the level of Additional Secretary from the Central Government and the State Government.
"The necessity of revision in fares was on account of increase in the cost of inputs -- staff costs, the cost of energy and the cost of repair & maintenance," the DMRC statement said.
It said, there has been increase in the rate of industrial DA (dearness allowance) by 95.5%, rate of Central DA by 103% and average increase in the rate of minimum wages by 156.2%.
With a view to encourage ridership on Sundays and National Holidays special discounted fares have been approved.
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