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

BFSI Needs Military-grade Cybersecurity Solutions to Detect the Most Advanced Attacks: Deloitte

In such unprecedented times, businesses are facing different kinds of risk, which has

“New guidelines suppress digital, social media, and OTT platforms”

The government’s recent notification to regulate digital media is an attempt to suppress all social media platforms including digital news platforms, Dr. Shama Mohamed, Congress Spokesperson, has said. Only digital news platforms are able to say what they want to say, so the government

Covaxin Phase 3 clinical trial shows 81% efficacy

India’s first indigenously produced Covid-19 vaccine, Covaxin, has shown an interim efficacy of 81% in Phase III trials for preventing the virus. Covaxin has been developed in India jointly by the Indian Council of Medical Research (ICMR) along with Bharat Biotech International Limited (BBIL). &

In Mumbai, 29 private hospitals join vaccination drive

In order to expand the vaccination drive, the centre has allowed 29 private hospitals in Mumbai not empanelled in central and state health schemes to be designated as Covid Vaccination Centres (CVC). After a virtual meeting with the chief minister and the BMC commissioner Tuesday evening, th

Spectrum auction concludes; response better than expected

India on Tuesday concluded the spectrum auction after a total of six rounds of bidding. The authorities described the response as better than expected, with total bids valued at Rs 77,814.80 crore. The quality of service and customer experience is expected to improve with deployment of additional spectrum

Covid-19 has increased nutrition gap. Public feeding programmes need to be enhanced

One of the most significant setbacks from the massive upheaval caused by the Covid-19 pandemic is its effect on food and nutrition security. The pandemic has compounded the already rampant social inequity by adversely affecting the socio-economic status of millions of families across the nation. In the giv

Visionary Talk Series with Dr. Shama Mohamed On the present state of Governance



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter