The Union Minister of State (Independent Charge) for Housing and Urban Affairs told reporters here that despite the increase, the Delhi Metro Rail Corporation's (DMRC) fares were among the "lowest in the world" and the "lowest in India".
"The fare hike has not led to a decline in metro ridership. For example, in 2016, there was a ridership dip by 1.3 lakh from September to October when there was no change in fares," he said.
Puri said that every year, there are a few months that see an increase in ridership and a decline is observed in the others.
The ridership after the fare revision for many days was actually higher than the ridership on some days before it was revised, he said.
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Till May, the Delhi Metro transported around 28 lakh passengers daily. But, after the first phase of the hike in May, it lost nearly 1.5 lakh passengers per day in June as the ridership dropped to 25.7 lakh.
However, the ridership picked up from around July.
In July and August, the Delhi Metro witnessed a daily average ridership of 26.6 lakh and 27 lakh respectively
Seeking to defend the fare hike, Puri said that metro fares are neither fixed by the Centre or the Delhi government, both of which hold equal stakes in the DMRC, and pointed out that it was after a gap of eight years that the fares had been hiked.
Fare Fixation Committee, a statutory body created under an Act of Parliament, determines the metro fares, he said.
"When the new fixation committee was formed, they decided that since the fares were not hiked during the last eight years, the increase would happen in two segments, one in May and the other in October," Puri said.
"DMRC has a loan of Rs 28,268 crore from JICA. So far, they have only paid Rs 1,507 crore. For the current year, they have to pay Rs 890 crore towards principal and interest liability," he said.
According to the RTI query by a PTI correspondent, the metro's daily average ridership came down to 24.2 lakh in October from 27.4 lakh in September, a fall of around 11 per cent.
The 50-km corridor connects Dwarka to Noida. The metro currently has a 218-km network across Delhi-NCR.
On October 10, the DMRC effected the fare hike, leading to a rise of around Rs 10 for nearly every distance slab. This came barely five months of another hike of up to 100 per cent.
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