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Oil dealers may stop cashless payment from April 1

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  8 March 2017 12:00 AM GMT

By our Staff Reporter

GUWAHATI, March 7: The North East India Petroleum Dealers’ Association (NEIPDA) has alleged that the 0.75 per cent discount that was promised while implementing cashless payment in oil depots neither goes to the buyers nor does it accrue any benefit to the oil dealers.

NEIPDA president Rajib Goswami said in a statement today that it was said that for making payment cashless while the buyers would get the an additiol reduction of 0.75 per cent, the dealers would get the benefit of easy bank loans. “However, many customers complained that they haven’t got any reduction. The oil marketing companies are also not getting any benefit in getting bank loans. We have to incur loss. We want the matter clarified before March 31, failing which we’re going to stop the cashless payment system from April 1,” he said.

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