What is the surcharge on petrol?
What is the surcharge on petrol?
The transaction charge on fuel purchase is called fuel surcharge. Presently, Every time you make a fuel purchase through your card, you have to pay a fuel surcharge @ 1% (before 13 Jan 2017, it was 2.5%) subject to the minimum of INR 10. You can avoid these additional charges on fuel can be by making cash payments.
What is fuel surcharge on Icici credit card?
2.5% fuel surcharge waiver on fuel purchases at HPCL petrol pumps is available when the card is swiped on the ICICI Merchant Services swipe machines. Transactions above ₹ 4,000 will not be eligible to a fuel surcharge waiver.
What is meant by fuel surcharge waiver?
If your SBI credit card has a fuel surcharge waiver, then it means you don’t have to pay the surcharge fees when you use the card to pay for petrol/diesel. It offers a 4.25% value-back on fuel purchases at BPCL petrol pumps along with other benefits such as welcome bonus, reward points, etc.
What is fuel surcharge on HDFC debit card?
There are no charges for using the Debit Card at domestic merchant locations and websites. Fuel Surcharge would not be applicable for the transactions done on HDFC Bank swipe machines at government petrol outlets (HPCL/ IOCL/ BPCL). Rs. 50 + applicable taxes.
What is fuel surcharge in India?
| Week | Weekly Price Dollar per Gallon | Fuel surcharge All services |
|---|---|---|
| 7 Nov 2021 – 13 Nov 2021 | 2.300 | 27.00% |
| 31 Oct 2021 – 6 Nov 2021 | 2.321 | 27.00% |
| 24 Oct 2021 – 30 Oct 2021 | 2.329 | 27.00% |
| 17 Oct 2021 – 23 Oct 2021 | 2.260 | 26.50% |
Why is there a fuel surcharge?
Fuel Surcharge is a Card Transaction Charge. So the transaction charges used on fuel purchases are now passed on to the customer, so the fuel station can receive 100% of what a customer pay.
Which is the best card for fuel?
10 best credit cards for fuel in India
- IndianOil Citi Platinum card.
- IndianOil HDFC Bank credit card.
- HDFC Moneyback credit card.
- HDFC Bank Business MoneyBack credit card.
- ICICI Bank HPCL Coral credit card.
- Standard Chartered Super Value Titanium credit card.
- Kotak Royale Signature credit card.
- HDFC Bharat Cashback credit card.
How do I avail fuel surcharge waiver?
Most of the credit cards have a ‘Fuel surcharge waiver’ listed as one of the benefits….What Is Petrol Surcharge Waiver In Credit Card.
| Bank Name | Credit Card offered | Fuel Surcharge Waiver |
|---|---|---|
| HDFC Bank | HDFC All Miles Credit Card | 1% Fuel Surcharge waiver on fuel transactions (Minimum transaction of Rs.400, and a maximum cashback of Rs.500 per statement cycle) |
Is surcharge applicable on debit card?
An order from the RBI bars the banks from levying the fee on consumers, it directs them to collect it from the merchants. As per this, the fuel surcharge on debit cards was set from 0.25% to 1% including service tax. But there are many banks that offer 0% surcharge.
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