Buy more fuel if using Rs 2,000 notes to pay, says petrol pump owners’ body

NASHIK: The Nashik District Petrol Dealers’ Welfare Association (NDPDWA) has appealed to motorists to buy substantial volume of fuel while paying for the same with Rs 2,000 denomination notes.
The flow of Rs2000 notes has increased at petrol pumps in the district to about 25 a day after the RBI announced withdrawal of Rs 2000 denomination notes after September 30 this year.
Before the RBI’s announcement, the petrol pumps used to receive less than 5 Rs 2,000 denomination notes on an average per day.
The association said that a section of the consumers is buying fuel worth Rs100 and paying for the same with Rs2000 currency notes.
Of the total sale of fuel at petrol pumps, around 35-40% of the sale is through online payment. Petrol pumps face problem when they have to return the change to customers who buy small quantity of fuel with just Rs 2,000, said Bhusan Bhosle, president, NDPDWA.
“Hence, we have appealed to customers to buy an adequate amount of fuel if they are paying with Rs 2,000 currency notes at the petrol pump,” said Bhosle.
Tehsin Khan, a petrol pump dealer, said that the flow of currency notes with denomination of Rs2,000 has increased in petrol pumps since the RBI announced withdrawal of the high-value currency notes.
“Earlier, I would hardly get two to three notes of Rs 2,000 denomination daily, but now I get 23-25 notes per day. Hence, as per the decision of the association, I have displayed a board appealing to customers to buy adequate quantity of fuel if they are giving Rs 2,000 currency note,” said Khan.
Meanwhile, the footfall of customers at banks for exchanging Rs2,000 currency notes has been normal.
“The number of customers who came to the bank to exchange Rs2,000 currency notes was not much,” said a senior official of a nationalised bank.