Govt likely to examine demand for UPI MDR exemption for petrol pumps
· Business · Moneycontrol
The government is likely to examine a demand for exemption from UPI Merchant Discount Rate (MDR) charges for petrol pumps. The request comes from fuel retailers seeking relief from transaction fees on digital payments. No specific timeline or decision has been announced yet. The move follows ongoing discussions about reducing costs for small merchants using UPI.
Why it matters
Petrol pump operators could see lower operating costs if MDR charges are waived. Consumers may benefit if savings are passed on through stable fuel prices.
Read the original report — Moneycontrol
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