Tamil Nadu petrol pumps to stop accepting cards from Monday

The decision was taken against service charges being levied on card transactions

The petroleum dealers in Tamil Nadu has announced that they will stop accepting credit cards and debit cards for sale of fuel from the petrol pumps from Monday. This decision came as a protest against 1 per cent levy plus taxes on all such transactions made.

"Various ministries and oil marketing companies have coerced all dealers to accept credit and debit card payments. We have suddenly received intimatioin from the bankers, reneging on their existing agreements with us and for having decided levy a Merchant discount rate of 1% + taxes on all transactions done at our retail outlets from