Complementing the government's recent demonetisation of high-value currency notes, state-run oil marketing companies (OMC) have started offering an upfront discount of Rs five on every cooking gas cylinder purchased online, an official statement said on Tuesday.
"Indian Oil, BPCL and HPCL are now offering an upfront discount of Rs 5 on every LPG refill to all LPG customers who will book and pay for their LPG cylinders online. Customers can make payment through existing online modes - net banking, credit and debit cards - at the time of web-booking their refills," a Petroleum Ministry statement said.
"Customers will get the discounted amount displayed on their screens, that is, refill RSP (retail sale price) minus (-) incentive amount of Rs 5 which they need to pay for their refill transactions," it said.
"The incentive will encourage more and more LPG consumers to go for cashless mode transactions," it added.
On November 8 of last year, Prime Minister Narendra Modi announced that Rs 1,000 and 500 notes were no longer legal tender, saying the move was designed to eliminate black money, counterfeit currency and terror financing.
--IANS
bc/ahm/bg
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
