Presently TV-advertisements by Indian Oil Corporation (IOC) are in plenty about 10-percent pay-back on purchase of petrol-diesel through digital mode of payment. Central government had earlier started .75-percent pay-back if petrol and diesel are purchased through credit or debit cards from every petrol-pump of any public-sector oil-company to encourage cashless payments after demonetisation of old currency notes of rupees 500 and 1000 on 08.11.2016.
It is beyond understanding why and how IOC alone can provide 10-percent pay-back rather than .75-percent by other oil-companies. Now with people already adopting card-payments at petrol-pumps, incentive for cashless payments at petrol-pumps should be totally withdrawn. Or else it should be same for all public-sector oil-companies rather than just IOC advertising 10-percent pay-back if digitally paid.
All public-sector oil-companies dealing in retail sale of petrol and diesel should be merged to save heavy overheads and advertising costs. Net payable retail-price of petrol, diesel and CNG should be rounded in multiples of rupee one while of LPG refill in multiples of rupees fifty also to prevent daily fluctuation in prices of oil-products.
MADHU AGRAWAL