PCI fact-checks Kerala Congress claim on UPI diesel payment charges

…a truck filling 300 litres of diesel would require a payment of ₹30,924 and that a 0.4% MDR would cost the pump owner about ₹146. It said this would reduce the operator's gross commission by 18.66%. The party said, " Will he absorb the hit, or pass it to the customer, or ask for cash. Why would the trucker pay extra when cash costs nothing? " Quick answers to key questions For UPI fuel transactions above ₹2,000, a flat Merchant Discount Rate (MDR) of ₹5 applies, rather than a percentage-based charge. The Kerala Congress claimed that a 0.4% MDR on a large…

…above ₹2,000. This means the fuel transaction cited by Kerala Congress would not attract a 0.4% MDR calculated on the entire ₹30,924 payment under the provision cited by PCI. PCI concluded its response by saying, " We hope this clarification is helpful in keeping the discussion factually accurate and constructive. " The issue centred on the distinction between a percentage-based MDR and the sector-specific flat MDR applicable to fuel transactions, with PCI saying the latter should be used when calculating the cost of the diesel…