Telangana News

To boost the digital payments, a discount of 0.75% on petrol and diesel will come into implementation from today for those who make fuel purchases made using digital payment.

The discount sum will be credited to the buyer's account in 3 days from the transaction, the Indian Oil Corp. said. The 0.75% discount on payments made using either credit/debit cards, e-wallets or mobile wallets will translate into a rebate of 49 paisa a litre on petrol and 41 paisa on diesel.

Not only the fuel, the Finance Minister Arun Jaitley earlier announced a raft of measures including discounts for online payments on insurance policies, rail tickets and highway toll charges as the government looked to promote digital cash post demonetization.

"As a part of these initiatives, to promote cashless transactions, the Centre has announced to incentivize petrol/diesel customers transacting at PSU petrol pumps by way of 0.75% discount when a customer uses Debit/Credit Cards, Mobile Wallets and Prepaid Loyalty Cards," the statement said.