Petroleum dealers have sought exemption from the Rs 5 merchant discount rate on UPI transactions above Rs 2,000 for fuel purchases, saying the additional cost could pressure their margins. The AIPDA discussed the issue with senior Petroleum Ministry officials
Fuel sales had fallen by a record 45.8 per cent in April last year when a nationwide lockdown was imposed to check the spread of coronavirus infections.
While demand for petrol has been more resilient than diesel due to an increased preference for using personal vehicles instead of public transport to follow distancing norms.
India's fuel demand recovered sharply in June from April before slowing due to the reimposition of restrictions in certain cities because of coronavirus and flooding in some regions
