Petrol Pumps not to accept notes of Rs 500 after midnight tonight

Photo of old currency note of Rs 500.

New Delhi: The government as announced earlier has cut short the deadline of using old Rs 500 notes at petrol pumps and for buying airline tickets at airports till December 2nd instead of December 15th.

The old currency Rs 500 notes cannot be used with effect from December 3, 2016, for purchase of petrol, diesel and gas at the stations operating under authorisation of public sector oil marketing companies and for buying airline tickets at airport counters.

After trashing old currency notes of Rs 500 and 1,000 on November 8, the government had allowed their use for utility bill payments for 72 hours.

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The government has extended this deadline twice and when the last one was to expire on November 24, it amended it to state that only the old 500 rupee notes could be used for making payment of bills like electricity and water, school fees, pre-paid mobile top-up, fuel purchase and airline ticket booking.

While the old note will continue to be accepted for the other utility bill payments as well as at railway ticketing counters and counters of government or public sector undertaking buses for purchase of bus tickets till December 15.

The government has also dropped earlier announced plan to allow the use of 500 rupee notes for payment of toll at national highways from December 3.

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On other hand the toll payment in both with old 500 and 1,000 rupee notes was accepted till December 2 and from December 3 it was to be limited in 500 rupee notes. But now this facility too has been withdrawn.

So from December 3, purchase of fuel and airline ticket booking at airport counters and highway toll payment would be allowed only in lower denomination currency or the new 500 and 2,000 rupee notes.

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