Petrol pump owners defer their decision to not accept credit, debit card

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 per cent on all credit card transactions



and between 0.25 per cent and 1 per cent 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. 

All India Petroleum Dealers Association President Ajay Bansal said that they have received official communication from oil marketing companies that the transaction fee charges have been deferred till 13th January. He said the Association has also has decided to defer the decision till 13th of this month.