‘May Have To Stop Accepting UPI Above Rs 2,000’: Petrol Pump Dealers Fear MDR Will Eat Into Margins

Petrol pump dealers in Delhi-NCR, Punjab, Uttar Pradesh, Mumbai, Karnataka and Rajasthan described the proposed charge as an “additional burden”.

For petrol pump owners, who operate on wafer-thin margins, the prospect of a flat merchant discount rate (MDR) of ₹5 on UPI transactions of ₹2,000 and above has raised concerns that they may have to stop accepting digital payments above the threshold.

Fuel retail businesses operate on small margins, and the proposed MDR has added to concerns among petrol pump dealers over the impact on their earnings.

News18 (English) · 16 Sept, 17:44

Economy, business and finance

‘May Have To Stop Accepting UPI Above Rs 2,000’: Petrol Pump Dealers Fear MDR Will Eat Into Margins

Petrol pump dealers in Delhi-NCR, Punjab, Uttar Pradesh, Mumbai, Karnataka and Rajasthan described the proposed charge as an “additional burden”.

Fuel retail businesses operate on small margins, and the proposed MDR has added to concerns among petrol pump dealers over the impact on their earnings.