Petrol pumps will not accept card payments from tonight
January 08, 2017  20:17
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All India Petroleum Dealers Association president Ajay Bansal has said that petrol pumps in the country will not be able to accept card payments on POS (point of sale) machines of banks who've given a notice to levy 1 per cent charge on every sale.

According to report, HDFC, Axis and ICICI banks have given notifications to 1 per cent charge on every sale at petrol pumps which the dealer has to bear.

Bansal said the margin of dealers is not so much that they can bear such an additional charge. Hence, the machines of banks which levy this charge cannot be operated.

Mumbai Petro Dealers Association president Ravi Shinde said that most of the pumps in the city use HDFC POS machines.

While Tamil Nadu Petro Dealers Association president K P Murli said no pump in the state will accept plastic money from tomorrow.

Delhi Petro Dealers Association President Anurag Narain also said pumps in the city won't be accepting card payments from tonight.
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