Smart card users, who, according to DMRC's estimates, happen to be 70 per cent of the metro's total ridership, will continue to get 10 per cent discount on each ride.
They will get an additional discount of 10 per cent while travelling during off-peak hours, that is from beginning of services till 8 am, between 12 pm and 5 pm and from 9 pm to end of services.
Delhi Metro Rail Corporation (DMRC) made the announcement after its highest decision making body, the DMRC board, refused to "interfere" in the matter, saying it has no power to change the recommendations of the fare fixation committee (FCC), which had proposed the steep hike.
The board had met around 8 pm following Delhi Chief Minister Arvind Kejriwal's insistence that the decision be withheld.
The DMRC had been batting for a hike citing "losses" in view of loans and rise in input costs such as power tariff among others.
"Out of 16, Del Govt has 5 Directors, who opposed but Centre adament. Hike too steep. Centre shud hv been more considerate for common man (sic)," Kejriwal tweeted.
Sources said nominee directors of the Delhi government on the DMRC board conveyed the desire of the chief minister that the hike be withheld or postponed and a new fare fixation panel be set up.
"The board was informed that under Section 37 of the Metro Railways (Operation and Maintenance) Act, 2002, recommendations of the FFC are binding on metro rail authorities.
"Subsequently, the board noted that it does not have the competence to consider and defer implementation of the recommendations of the FFC," sources said.
Earlier, Union Urban Development Minister Hardeep Singh Puri, in a letter to Kejriwal, said the meeting was called in the spirit of "cooperative federalism".
The new fares would be applicable across five corridors — Blue, Yellow, Red, Green and Violet — of the metro that crisscrosses the national
capital, with the total network length currently standing at around 213 km.
There shall be no change in the fares of Airport Express Line (Orange Line).
When the Delhi Metro had started operations on December 25, 2002, the minimum fare was Rs 4 and maximum was Rs 8.