Mumbai petrol pumps may not have cash exchange facility

Mumbai: The Centre may have proposed that cash withdrawal facility be made available at nearly 2,500 petrol pumps in the country however Mumbai is still to feature in the list of places where the facility will be present.

The Centre on Thursday initially decided that the facility would be made available at 25,000 petrol pumps where there were cash swipe machines from State Bank of India. Later, it was decided to extend the facility to around 20,000 outlets having cash swipe machines from HDFC Bank, Citibank and ICICI Bank.

However, petrol pump owners were concerned that this would inconvenience customers. “The plan till now is only to target rural areas where traffic is not much. To have cash withdrawal facility in a city like Mumbai, proper mechanism is required and if the government provides the same, we will bring all stakeholders on board,” said Ravi Shinde, president, Petrol Dealers' Association of Mumbai.Meanwhile, Sahibrao Kamble, treasurer, Petrol Dealers’ Association of Mumbai, said, “We have also written a letter to Prime Minister Narendra Modi expressing reluctance over having cash withdrawal facility at petrol pumps. Already, there is a lot of panic