Petrol Pump Dealers Agree To Continue Accepting Cards As Banks Put On Hold Extra Charge

SW Staff

After negotiations, a petrol pump dealers association has said that they will continue to accept credit and debit card payments after banks put on hold an extra charge that was to be levied on such payments. 

A representative of the petrol pump dealers’ association has said that they have put the issue on hold till January 13:  

Union Petroleum Minister Dharmendra Pradhan has said that the surcharge that was brought back by banks will hopefully not be levied again: 

To promote cash-less transactions, the government had waived the Merchant Discount Rate (MDR) on fuel purchase post demonetisation for consumers. But after the expiry of the 50-day window, the banks decided to levy MDR on petrol pump owners.

Petrol pump dealers had declared that they will not accept payments through cards from Monday prompting harried consumers to rush to fuel outlets.

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