Go digital and get a discount on petrol, diesel

The discount will be by way of cash back which will be credited to the buyer's account in three days from the transaction

A discount of 0.75 per cent on petrol and diesel will kick-in from midnight on fuel purchases made using digital payment.

The discount will be by way of cash back which will be credited to the buyer's account in three days from the transaction, said Indian Oil Corporation, the nation's largest fuel retailer.

The 0.75 per cent 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.

Petrol is currently sold at Rs 66.10 per litre in Delhi while a litre of diesel costs Rs 54.57.

Finance Minister Arun Jaitley had last week announced a raft of measures including discounts on online payments for insurance policies, rail tickets and highway toll charges as the government looked to promote digital cash post demonetisation.

"As a part of these initiatives, to promote cashless transactions Government of India has announced to incentivise petrol/diesel customers transacting at PSU petrol pumps by way of 0.75 per cent discount when a customer uses debit/credit cards, mobile wallets and prepaid loyalty cards," the statement said.

Photograph: Navesh Chitrakar/Reuters