Demonetisation: Digital payments more than double at OMCs' fuel outlets

Before demonetisation, few retail outlets in the country had digital payment options

Digital transactions at fuel outlets have more than doubled to Rs 480 crore daily from Rs 150 crore in the pre-demonitisation days.

On a daily basis, the sale of petrol, diesel and compressed natural gas comes to around Rs 1,800 crore. “This means, of the Rs 54,000-crore business that we are doing on a monthly basis, about 26-28 per cent, or around Rs 14,400 crore, is through cashless transactions,” said an official source. 

Before demonetisation, only a couple of thousands of retail outlets in the country had digital payment options which has now increased to 37,828 fuel outlets.

After demonetisation