Nearly three-fold rise in digital transactions at fuel outlets

Oil minister Dharmendra Pradhan said that 38,128 retail outlets are equipped with point of sale machines and over 86 percent of ROs have digital infrastructure

GN Bureau | April 21, 2017


#Dharmendra Pradhan   #PSU   #Oil companies   #fuel outlets   #digital infrastructure  

Minister of state for petroleum, Dharmendra Pradhan has claimed that daily cashless transactions at fuel retail outlets have increased from Rs 150 crores per day to Rs 400 crores per day, following the government’s efforts for promoting digital transactions. 

 
During a meeting of the consultative committee of the members of parliament for the petroleum ministry (CCMPPM) which was held in Srinagar on April 21, Pradhan said that the ministry and oil marketing companies (OMCs) like IndianOil Corporation, Bharat Petroleum and Hindustan Petroleum are promoting digital payments at fuel stations. 
 
The minister said that 38,128 retail outlets (ROs) are equipped with point of sales (POS) machines and over 86 percent of ROs have digital infrastructure. In order to encourage consumers, OMCs are giving 0.75 percent discount to them on purchase of fuel through cashless mode. Over 72,000 e-wallets have also been activated, he said. 
 
He informed that the ministry followed a three pronged strategy — rapid expansion of digital payment infrastructure at fuel stations, massive awareness campaign and incentivising consumers. 
 
Furthermore, the minister reiterated that the ministry does not approve or endorse the move by a section of petrol pump dealers to close down fuel stations on Sundays.
 

Comments

 

Other News

Reinvigorating reinsurance

After the liberalisation of the insurance industry in 2000, private firms (mostly in partnerships with foreign firms) have readily taken to the sector. Till FY18 there were 23 private firms in the life insurance sector and 21 in general insurance segment. However, it was only in 2016-17 that the first priv

Portrait of a scholar-activist as a young student

[Kancha Ilaiah Shepherd, scholar and dalit activist, has penned his autobiography which is more than just the life-story of an individual but promises to become a document for a generation and a community. We reproduce below an excerpt, with the permission of the publishers, where he talks about his yo

Informal power

Villages without power supply are easy to find though the government says there are none. The lines are laid, but many villagers are too poor to pay for electricity. BPL (below poverty line) families, entitled to free supply, are waived the installation charge. But they don’t have money to wire their

Vande Bharat halts midway near Tundla

In a major embarrassment to the railways, the much touted Vande Bharat Express developed a technical snag at Chamraula, 15 kms from Tundla junction.   Prime Minister Narendra Modi flagged off the train on Friday from New Delhi station.    The train was

PM flags off India’s first semi high-speed train

Indian Railways entered a new era as prime minister Narendra Modi on Friday flagged off the country’s first semi high-speed train, Vande Bharat Express, from the New Delhi railway station. The new train is also seen as a success story of the NDA government’s ‘Make in India’

Estonia eyes on more e-Residents from India to open startups

Riho Kruuv, Ambassador of the Republic of Estonia talks to Vishwas Dass on key issues like the importance of e-Residency programme of the Government of Estonia and why Estonia is becoming a preferred investment destination for Indian startups and budding entrepreneurs. The Ambassador says Estonia offer

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter