Fuel Credit Card Demand Raises: Common people are troubled by expensive petrol diesel. In the last few months, there has been a huge jump in the prices of petrol and diesel. However, to get relief from expensive fuel, there has been a spurt in the demand for such credit cards which offer cashback or some other benefits on getting petrol and diesel inserted.
Increased demand for fuel credit cards
According to BankBazaar Moneymood’s 2022 report, the demand for credit cards offering benefits on petrol diesel has increased by up to 10 times in view of the skyrocketing prices of petrol and diesel. After expensive fuel, consumers are adopting every option so that they have to pay less price for getting petrol diesel. Due to this, the share of fuel credit cards has increased from 4.95 percent last year to 13.1 percent in 2021. According to the report, when there is no hope of getting relief from the high prices of petrol and diesel and school offices are all opening, then the demand for fuel credit cards is expected to increase further to save money on fuel.
what is the price of petrol diesel
If we look at the rate of petrol and diesel, then in the capital Delhi, petrol is available at a price of Rs 95.41 per liter and diesel is available at Rs 86.67 per liter. In fact, on November 4, the central government had reduced the excise duty on petrol by Rs 5 and diesel by Rs 10 per liter, after which the states also reduced VAT, due to which there has been some reduction in the prices of petrol and diesel.
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