Cashless drive creates chaos: Petrol pump dealers deny accepting card transaction
By Our Correspondent
Agartala , 09 Jan, 2017 :: Vehicle owners using cards to purchase fuel are facing tough time from Monday as petrol pumps have decided not to accept payments through credit, debit cards since the banks have levied 1 per cent charge for every sale. In view of the debit of MDR of 1% it has been decided to stop accepting payment through Credit/Debit Cards from 9th January 2017.
Earlier last month, the government had announced .75 per cent discount on purchase of fuel through card.
Cashless transactions have gone up at petrol pumps since the government's demonetisation move announced on November 8. To promote cash-less transactions, the government had waived the Merchant Discount Rate (MDR) on fuel purchase post demonetization for consumers. But after the expiry of the 50-day window, the banks have decided to levy MDR on petrol pump owners.
However, later pumps across the country have decided to postpone till at least January 13 their protest against the banks' decision to levy an extra charge on credit and debit card transactions. The late evening turnaround came after the government stepped in.