Card payments for CNG jump 5 times

Card payments for CNG jump 5 times

Card payments at Indraprastha Gas Ltd‘s CNGstations have jumped five times to Rs 56 lakh daily from Rs 11 lakh since the government withdrew old currency notes of Rs 500 and Rs 1,000.Indraprastha Gas refuels vehicles in Delhi, Ghaziabad and Noida through 112 stations of its own and 306 sale points at petrol pumps of state-run oil companies for retail consumers and captive dispensers at DTC as well as other government bodies.

“Card payments have risen to approximately 10% of daily retail sale from our stations as more consumers are opting for the convenience of paying with plastic money,” IGL managing director E S Ranganathan said. IGL clocks a daily retail sale of Rs 5 crore. The card payments have shown an increase in the 100-odd out of its 112 stations that have a POS (point of sale, or card swipe) machine.

This is in contrast to petrol pumps which have seen people rushing in with old notes and buying small quantities of petrol or diesel in the hope of getting change.

With the poor availability of lower denomination notes, petrol pumps are now selling fuel for round figures   for example, if you pay with a 1,000-rupee note, you will have to take fuel worth that much.

But unlike normal cars, vehicles running on CNG can usually take fuel only worth Rs 200-250 at a time. This puts added limitations for consumers, an increasing number of whom are opting for plastic money instead of haggling or arguing with pump attendants for change.

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