- Science & Tech
Petroleum Minister Dharmendra Pradhan on Monday said all petrol pumps would continue to accept card payments post January 13.
“Merchant Discount Rate (MDR) charges on card payments for fuel purchase will not be passed on to customers. Oil companies and banks were discussing who will bear the MDR charges, Pradhan said.
On Sunday, hours after deciding to refuse card payments at fuel outlets from Monday to protest against some banks levying the MDR for purchases, petroleum dealers deferred their decision till January 13.
They argued that the levy of 1 per cent and between 0.25 and 1 per cent on credit/debit card transactions was hitting their profits.