Govt steps in, Petrol Pumps will continue to accept cards for now

Centre has assured that negotiations are underway between banks and oil marketing companies, while surcharge will not be imposed on both customers and petrol pump owners.

The Oil Marketing Companies will bear the transaction charges to be levied by Banks. So, neither Petrol Pump Owners nor Customers will face the heat, said Petroleum and Natural Gas Minister Dharmendra Pradhan.

It is to be noted that the dealers have threatened to stop accepting card payments from 13 January after card companies started levying an up to 1 percent charge on petrol pump dealers to compensate their losses.