OMCs may absorb extra charge for digital transactions at fuel outlets

Oil Minister Dharmendra Pradhan said consumers and outlets will not be burdened with MDR charges

The burden of transaction charges for the fuel bought through cards at petrol pumps is likely to be absorbed by the state-run oil marketing companies like Indian Oil Corporation Ltd, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd .  

According to sources close to the development, in a meeting called by the Department of Financial Services of the Ministry of Finance, which was attended by oil marketing companies, banks and retail outlets, it was broadly agreed that OMCs may bear the discount that has been given on card transactions and may also absorb 1 per cent charge levied