 "A Bharat Petroleum oil pump station displays the price of unleaded petrol (0.89$) and Diesel (0.66$) as a pedestrian walks past in New Delhi. Photo: Reuters")
Digital transactions at fuel outlets have more than doubled to Rs 480 crore daily from Rs 150 crore in the pre-demonitisation days.
On a daily basis, the sale of petrol, diesel and compressed natural gas comes to around Rs 1,800 crore. “This means, of the Rs 54,000-crore business that we are doing on a monthly basis, about 26-28 per cent, or around Rs 14,400 crore, is through cashless transactions,” said an official source.
Before demonetisation, only a couple of thousands of retail outlets in the country had digital payment options which has now increased to 37,828 fuel outlets.
After demonetisation
