Only Public Sector Unit petrol, diesel and gas stations to accept Rs. 500 and Rs. 1000 notes
Nov 09, 2016
Following the Prime Minister’s historic announcement of cancelling legal tender of Rs. 500 and Rs. 1000 currency from November 9, 2016, private oil and gas companies are not authorized to accept 500 and 1000 rupee notes from customers at their retail stations.
In his speech Prime Minister Shri Narendra Modi stated that only petrol, diesel and gas stations of PSU oil companies are mandated to accept notes of 500 and 1000 rupee denominations. The government’s press release states that: “…on humanitarian grounds notes of five hundred and one thousand rupees will be accepted at government hospitals, pharmacies in government hospitals (with prescription of a doctor), booking counters for railway tickets, government buses, airline ticket counters, petrol, diesel and gas stations of PSU oil companies, consumer cooperative stores authorized by the state or central government, milk booths authorized by state government and crematoria, burial grounds.”
Speaking on the announcement, Ravi Sundararajan, Director, Shell India Markets Private Limited & Cluster GM Retail, “Customer satisfaction is our core business principle and Shell aims to meet their expectations by offering the best of services. Basis the recent announcement on demonetisation of currency notes of denomination of Rs. 500 and Rs. 1000, Shell retail stations - like other private fuel retail stations - cannot accept these notes for purchase of fuel. Notes of denominations Rs. 100 and below will continue to be accepted against purchases. We are also accepting all credit and debit cards issued by VISA / MASTERCARD / AMEX. Additionally customers can choose to electronically transfers money to their Shell Cash Card to pay for fuel and other purchases. We hope our valued customers will understand and co-operate with us during this period of transition. Staff at the fuel stations will be assisting customers to minimise inconvenience. We are also ensuring that there is adequate signage at these locations for ease of our customers. Some of our fuel stations are not open for operation. We are reviewing the situation and will open them as and when the situation is under control.”
About Shell India
Shell is one of the most diversified international oil company in India's energy sector. It is a major private sector supplier of crude products, chemicals and technology to public/private sector oil companies. With over 4500 staff in the country, Shell has a significant technology centre, a financial business operations centre, an in-house global IT centre and operates a joint venture LNG receiving and re-gasification terminal. Through its subsidiary company- BG Exploration and Production India Limited, Shell holds a 30% interest in, and is joint operator of, the Panna - Mukta oil and gas fields and the Mid and South Tapti gas and condensate fields (PMT fields). Shell also holds a 32.5% equity stake in Mahanagar Gas Limited (MGL). MGL has to its credit the distinction of pioneering the natural gas distribution network in Mumbai and its neighbouring areas.