The Bengaluru metro on Thursday announced an annual automatic fare revision for Namma Metro, which will come into effect from February 9.
The hike is somewhere between four per cent and 10 per cent, ranging from Re 1 to Rs 5 based on the distance.
The Bangalore Metro Rail Corporation Limited (BMRCL) said that it is being implemented as per the First Fare Fixation Committee (FFC) constituted under the Metro Railways (Operation & Maintenance) Act,
2002.
The BMRCL, in a release, said the FFC, while recommending the revised fare structure, had observed that "revision of fare after 7.5 years and optimisation of fare zones from 29 to 10 has resulted in an average increase of 51.55 per cent."
To avoid such steep increases in the future, the committee recommended "to revise the fare annually by having a transparent Annual Automatic Fare Revision Formula linked with O&M cost or 5 per cent per annum, whichever is lower by rounding off to the nearest rupee."