FUEL stations across Punjab are requesting customers that if one buys fuel worth ₹2,000 or more, then they would accept the notes and not for the measly purchase of ₹50 and the like. They cite the problem of change as they are flooded with ₹2,000 notes following the gradual phasing out of the currency bills around a week ago.
Due to the sudden inflow of legal tender, digital payments have fallen to around 10% from 40% of the daily sales, according to Punjab Petroleum Dealers Association. However, filling stations get 90% of their sales in cash in the form of ₹2,000 notes, the association added.
This story is from the May 26, 2023 edition of The Morning Standard.
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This story is from the May 26, 2023 edition of The Morning Standard.
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