Card users to get fuel cheaper

Good News! If you have being buying fuel through credit card or your debit card, you will now get a benefit of 0.

75%. So, if you buy petrol or diesel, you fuel price will come down by 0.

75%. Now, this isn’t much but it is a good reason for many to buy fuel through your card. This will help to reduce buyers to spend through other means. At the same time, the cost of fuel is a bit cheaper too.

Today, finance minister Arun Jaitley made this announcement. The other major announcement that he made today was that those who get RFIDs or use Smart TAGs for highway tolls, if they pay it digitally a 10% discount will be levied. So, all those who pay by card or make online transactions, it seems there are some benefits for them. This will be helpful for all of us. There has been a lot of shortage on hard cash in the market since the announcement on demonetisation has been made on the 8th of November. At the moment, there is a major shortage on cash in the market and government is finding means to enhance the usage of digital transfers to reduce the use of black money and improve the transparency in the market. This will reduce the black money and increase the cash in flow for most of us.

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The toll gates are expecting INR 500 notes but only if the cost of the toll ticket is more than INR 200. Else, you will have to use any other note.

This has been implemented for a while already. The government is looking at means to increase the ease of making payments.

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