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.
 

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