Afternoon D & C Dedicated To Mumbai
Home > Nation > Customers can pay at oil pumps via cards post Jan 13 sans fee

Customers can pay at oil pumps via cards post Jan 13 sans fee

Tuesday, January 10, 2017

New Delhi: Credit and debit cards will continue to be accepted at petrol pumps even after January 13 without customers having to pay transaction charges, the government said today.

Banks and oil companies are in discussions as to who should bear these charges, it said a day after averting a crisis that would have hit millions of people as oil pump owners threatened to stop taking card payments.

"Merchant Discount Rate (MDR) charges will be levied as per RBI guidelines but who will take the hit? Banks, oil marketing companies are discussing," Petroleum Minister Dharmendra Pradhan told reporters after meeting Finance Minister Arun Jaitley on the issue.

"We had assured yesterday also that since retail outlets, petrol pump owners work as commission agents, we will not pass on the cost to them," he said. Petrol pump operators had yesterday threatened to stop accepting card payments after banks said the transaction charges of up to 1 per cent will have to be borne by them. The crisis was averted after banks agreed not to insist on transaction charges for five more days, leading to pumps owners deferring their plans till January 13.

Pradhan said the government stands by its decision that customers using non-cash digital modes of payments will not have to pay any transaction charge. Also, the 0.75 per cent discount on fuel rate for using digital payments will continue. "Banks and oil marketing companies (OMCs) are discussing the issue. In the coming days a mechanism will be worked out under which customers or petrol pump owners will not bear the cost," he said.

COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
 
Email:    
Comments:
 
 
City news
The Shree Siddhivinayak Mandir Trust Bhrashtachar
PNB Fraud : Fraudulent LoU’s were being issued ...
A 43-year-old driver of a luxury car was ...
We got married recently. I am 32 and my wife is 3
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)You will see gradual support coming, which should help to spur you on. The stand that you have taken at work or in your career is about to be vindicated. You have worked hard so it is crucial to maintain the same momentum to see your plans through. Love life is sparkling with excitement. Hectic social activity and the arrival of a loved one will be a pleasant surprise.
- Advertising -
While you are preparing yourself for the most cri
While VR was a thing of past and AR is making a b
‘India is doing very nicely’ is a theme of this y
Read More