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

On a personal note: Javed Jaffrey

After his much-appreciated debut in Meri Jung in 1985, Javed Jaffrey inspired a new generation of dancers. He then turned from dance to comedy. The versatile actor constantly changes his styles and his live, film, TV and radio appearances always promise novelty and surprise. In 2014 he joined the Aam A

Allegations against CJI: Inquiry will strengthen the independence of the judiciary

Yes, we must stand rock solid with the judiciary and the judges. We must protect the independence of the judiciary too. What does this mean in the present context of a very serious charge of sexual harassment levelled by a former employee of the court against the CJI?  We are told that there is a larg

“Managing data is challenging”

The Centre for Railway Information Systems (CRIS) is a society set up by the railways ministry in July 1986 to provide IT related services to the Indian Railways. CRIS deals in a gamut of functions, like passenger ticketing, freight operations, train dispatching and control, crew management, e-procurement,

A boost to those who need it most

What are 600 million people? Almost twice the population of the US. What are 500 million people? About three-fourth of the population of Europe. Why are we talking about these numbers? Well, because as per a study by Sandhya Krishnan and Neeraj Hatekar (‘Rise of New Middle Class in India and Its

Expanding Eureka!

Abright yellow van with figures of children playing with a whirligig, a Newton’s cradle, a magnetic compass rolls into the Government Higher Primary School in Kittaganahalli, on the outskirts of Bengaluru. Students in the playground leave what they are doing and mill about it in excitement. For they

The spark in the classroom

Not many children dream of starting an idyllic school of their own when they grow up. But Ramji Raghavan, founder of the Agastya International Foundation – which fosters the creative learning of science in stude



Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter