Special incentives to encourage Digital payments at PSU petrol pumps
As a part of these initiatives, the Ministry of Finance has announced to incentivize petrol or diesel transactions at PSU petrol pumps by way of 0.75 percent discount when the purchase is made digitally by using Debit or Credit cards, Mobile Wallets and Prepaid Loyalty Cards among others.
The decision has come into effect from 13.12.2016, 00.00 hrs.
The amount of discount will be credited to customer’s own account by way of cash back within three working days of the transaction, assures a press release by the Indian Oil.
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