Petrol Pumps to Accept Credit and Debit Cards till 13 Jan Says Petroleum Minister
That previously they have decided to refuse card transactions to Protest 1% MDR and being levied on them.
Petroleum Minister Dharmendra Pradhan said on Monday that ,
All Petrol Pumps would Continue to Accept Debit and Credit Cards to accept all card Payments Post to till January 13th.
Merchant Rate(MDR) Charges on all Card Payments for Fuel Purchases will not be Passed to Customers.
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Oil Companies and Banks were Discussing that who will bear all the MDR Charges.
All Petrol Outlets will accept Card Payments after Jan 13 Said by Pradhan.
They Argued that the Levy of 1 Percent and Between 0.25 and 1 Percent on Credit and Debit Card Transactions for their Profits.
Petrol Pump Operators had on Sunday Threatened to Stop Accepting Card Payments after banks and all the Transaction charges of up to 1 Percent will have to be Borne by them.
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 Percent Discount on Fuel rate for Using digital Payments will Continue.
With OMC’s already they are Facing Rs 5,000 Crore hit From Having to Bear 0.75 Percent discount on Fuel and sold using Digital Modes and the Pradhan said that the Numbers are “Fictional”
We Have Received an Official communications from all Oil Companies and Oil Marketing Companies that the Transactions Charges have been Low Down till January 13, Hence we Have Put off The Stir, and the Bansal Said that the President of the All India Petroleum Dealers Association.
To Promote all The Cashless Transactions the Indian Government had waived MDR on Fuel Purchase For Consumers, but after the Expiry of the 50-day window banks and they have decided to Leave MDR on Petrol Pump Owners.