Petrol Pump Owners Defer Decision To Not Accept Card Payments
At the moment, petrol pumps having to bear 1% on all credit card transactions.
Petrol pump owners deferred till January 13 their decision to not accept credit and debit card payments for fuel sales after banks put off the move to levy the transaction charge.
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 have decided to levy MDR on petrol pump owners.
This meant petrol pumps having to bear 1 percent on all credit card transactions and between 0.25 percent and 1 percent on all debit card transactions from January 9.
In protest of the move, petrol pump operators had decided not to accept card payments from tomorrow.
"We have received official communication from oil marketing companies that the transaction fee charges have been deferred till January 13, 2017. The All India Petroleum Dealers Association has also decided to defer the agitation till January 13," said Ajay Bansal, President, AIPDA.