Fuel stations across India have will not accept credit cards/debit cards for petrol/diesel sale from Monday i.e. 9th Jan, 2016. The announcement which comes as a shocking news not just for Chandigarh but the entire nation has created panic among people.
Vehicle owners (2-wheeler as well as 4-wheeler) will surely face a tough time due to this step taken by the petrol pumps. The announcement for not to accept credit/debit card at PEtrol pumps across India was taken by Ajay Bansal who is the current President of All India Petroleum Dealers Association.
Why Will Petrol Pumps not accept Credit/Debit Cards?
The reason for not accepting credit/debit card at any petrol pump is that the banks have announced that they will levy a charge of 1% on every sale.
Last month, the Indian government had announced a discount of 0.75% on sale through credit/debit card. Taking this into consideration, the petrol pumps association has stated that they have fixed rates and cannot exceed the rates to make profits. The extra 1% being charged by banks on each sale through POS machine should be stopped otherwise this will lead to losses for petrol pump owners.
Which Banks POS Machines will not be accepted?
According to a report published by India Today, it has been stated that the any petrol pump that has a POS machine belonging to any bank out of the following will not accept debit/credit cards.
- HDFC Bank
- Axis Bank
- ICICI Bank
All these 3 banks have given a statement that they will levy 1% extra on every sale made for fuel.
The Current Situation
People in metro cities including Delhi, Mumbai, Chandigarh, Kolkata, Hyderabad and others have lined up at petrol pumps to get their cars and 2-wheelers filled up. The decision to not accept credit/debit card at petrol pumps comes into effect from the midnight of 8th-9th Jan, 2017.
However, if you have got cash, you should not face any trouble at any of the petrol pumps.