Now pay for fuel, LPG at Bharat Petroleum pumps using Ola Money

Driver partners and consumers will be able to pay for their fuel and LPG requirements with Ola Money

Breaking News : Ola Money, the digital payment solution from Ola, will be accepted at Bharat Petroleum Corporation Limited (BPCL) fuel pumps and LPG distributors across the country, the company announced on Monday.

Acceptance of Ola Money in a prominent public utility such as BPCL is another step by Ola towards supporting the government's vision of a cashless 'Digital India', Ola Money Senior Vice-President Pallav Singh said in a statement here.

With the increased recharge limit on wallets from Rs 10,000 to Rs 20,000 until December 30, Ola Money is better positioned to facilitate convenient cashless transactions for citizens and merchants alike, the statement said.

With over 13,000 fuel stations and close to 4,500 LPG outlets, BPCL serves lakhs of people on a daily basis, it added. Read more.

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Govt eyes annual savings of Rs 300 crore from removal of LPG subsidy

The government’s latest decision to cut subsidised cooking gas sales to consumers with an annual taxable income of above Rs 10 lakh is likely to translate into annual Liquefied Petroleum Gas (LPG) subsidy savings of Rs 300 crore, according to the oil ministry.

This is in addition to savings from the elimination of duplicate or fake connections as a result of implementation of the direct benefit transfer for LPG (DBTL) scheme — Rs 14,600 crore in FY15 — and additional savings of around Rs 2,000 crore through the GiveitUp campaign under which 5.7 million consumers have voluntarily surrendered their subsidy so far.

“According to our estimates, there are two million consumers in the Rs 10 lakh-plus slab (of taxable income). Some of these are already covered under GiveitUp. We are estimating savings of roughly Rs 300 crore per annum,” said a senior