Source: NDTV

Petrol Pumps to accept the Cards after late night interference by the Government. The All India Petroleum Dealers previously said that they would not accept the debit and credit cards of the few banks like HDFC, Axis, and ICICI for levying extra charges. However, the Government has managed to push the deadline to January 13 as of now.

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As per the NDTV sources, ICICI Bank has also confirmed that they would not charge the extra amount so far. The Government of India stepped in last night and confirmed that the MDR or the Merchant Discount Rate would not be applied till January 13. The Petroleum Ministry has said that the Government is negotiating between the Banks and the Oil Marketing Companies so that the Retail Outlet and the consumers do not have to face the wrath of the situation.




It was a dent to the cashless drive of the Government as the Petrol Pumps announced that the cards would not be accepted. They said that despite they want to help the Government on the cashless drive, they are held back by the extra charge. It was also said that they already have very little margin and the extra charges are creating huge pressure. The Government now has around 5 days of time to negate and settle the issue so that the customers do not face the ire of the situation.

Considering the inconvenience caused by the sudden demonetization, this could be a severe blow to the common people if the petrol pumps stop accepting certain debit and credit cards.

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