On sunday the media went a buzz with reports stating petrol pumps would refuse to accept card payments for fuel from Monday. Anxious public, already suffering with a cash shortage, worried that this would directly clash with the government's efforts to wean people off cash and encourage digital payments.
At-last, there was some relief on Sunday night after banks agreed to defer their decision to charge 1% transaction fee on card payments at petrol pumps from Monday.
The move has made dealers to say they would stop accepting cards unless a mechanism to compensate them was also put in place. Petroleum dealers now agreed to accept cards till January 13.
The banks relented after prodding from oil minister Dharmendra Pradhan during discussions among bankers, dealers and representatives of state-run fuel retailers.