You will get a ‘huge’ discount of Rs 5 per cylinder if you book and pay for your LPG refill online. State-owned fuel retailers Indian Oil Corporation (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) will offer “an upfront discount of Rs 5 on every LPG refill to all LPG customers who will book and pay for it online”.
The government said in a statement on Tuesday, “Under the aegis of Ministry of Petroleum & Natural Gas, it is the endeavour of all Oil Marketing Companies to aim to encourage consumers to increasingly shift to such payment modes through digital platforms to achieve the objective of no-cash or less-cash based transactions. The incentive will encourage more and more LPG consumers to go for cashless mode transactions.”
This is the latest in a series of incentives that the oil ministry has announced to promote cashless and digital payments.
Customers can make payments through existing online models i.e net banking, credit and debit cards at the time of web-booking their refills. On doing so, customers will get the discounted amount displayed on their screen. This net amount payable will be retail selling price minus incentive amount of Rs.5 per cylinder. The net discounted amount will also be shown on the cash memo accompanying the home-delivery of the LPG cylinder.
The retailers have already been asked to give a discount of 0.75% to consumers who pay through electronic mode such as debit or credit card or digital wallets. Such discount is credited to customer’s account by way of ‘cash back’ within maximum three working days.
A subsidized LPG cylinder of 14.2-kg currently costs Rs.434.71 in Delhi. A non-subsidized bottle of similar size, which consumer not having a subsidized connection buy, costs Rs.585. Even for the subsidized user, they have to buy non-subsidized LPG cylinder after exhausting their quota of 12 bottles at sub-market rate.
The ministry last month asked the fuel retailer to launch a campaign to train and help consumers visiting petrol pumps and LPG dealerships to use electronic payment modes.