Petrol pumps defer decision to not accept card payments

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Petrol pump owners Sunday night deferred till 13 January their decision to not accept credit and debit card payments for fuel sales after banks put off the move to levy the transaction (MDR) charge.

card payments

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 per cent on all credit card transactions and between 0.25 per cent and 1 per cent on all debit card transactions from 9 January.

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 13 January, 2017. AIPDA also has decided to defer the agitation till 13 January,” said Ajay Bansal, President, All India Petroleum Dealers Association (AIPDA).

(With inputs from PTI)

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