Get 0.75 pc discount on purchase of petrol and diesel via digital mode from midnight today

In a little respite for the people facing hardship post demonetisation, a discount of 0.75 per cent on petrol and diesel will kick-in from midnight tonight on fuel purchases made using digital payment.
Petrol, Diesel
India TV Business Desk New Delhi December 12, 2016 21:09 IST

In a little respite for the people facing hardship post demonetisation, a discount of 0.75 per cent on petrol and diesel will kick-in from midnight tonight on fuel purchases made using digital payment.

The discount will start from midnight tonight and would be by way of cash back which will be credited to the buyer's account in three days from the transaction, said Indian oil Corp.

The 0.75 per cent discount on payments made using either credit/debit cards, e-wallets or mobile wallets will translate into a rebate of 49 paisa a litre on petrol and 41 paisa on diesel.

Petrol is currently sold at Rs 66.10 per litre in Delhi while a litre of diesel costs Rs 54.57.

Earlier on December 8, Finance Minister Arun Jaitley announced a raft of measures including discounts on online payments for insurance policies, rail tickets and highway toll charges as the government looked to promote digital cash post demonetisation. 

"As a part of these initiatives, to promote cashless transactions Government of India has announced to incentivise petrol/diesel customers transacting at PSU petrol pumps by way of 0.75 percent discount when a customer uses Debit/Credit Cards, Mobile Wallets and Prepaid Loyalty Cards," the statement said.

 

(With PTI inputs)

 

Related Tags: PetrolPayTM
 
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