Digital payments get a boost: Oilcos to bear MDR on fuel buying

Digital payments get a boost: Oilcos to bear MDR on fuel buying

The impasse over the payment of merchant discount rate (MDR) charges on fuel purchases via debit cards seems to have reached a conclusion with oil retailing companies – Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp – agreeing to pay the charges, reports the Mint today.

No additional levy on use of cards at petrol stations says Petroleum Minister

No additional levy on use  of cards at petrol stations says Petroleum Minister

In what came as a big relief for consumers of petrol and diesel and petrol pump owners, union minister of state (I/C) for Petroleum and Natural Gas, Dharmendra Pradhan said Monday. The All India Petroleum Dealers Association (AIPDA) on Sunday announced that it would not accept payments through credit and debit cards from Monday in protest the banks’ decision to levy additional charge of up to one per cent on such transactions