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[size=36]Petroleum products set the date for ending cash circulation at fuel filling stations[/size]
Economy | 02:36 - 04/12/2023
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Baghdad - Mawazine News
The Petroleum Products Distribution Company confirmed today, Monday, that the electronic payment process will begin this month experimentally in all governorates, and while it indicated the start of the process of ending cash circulation starting next month, it reassured that there will be no tax deduction or additional funds for electronic payment.
The Director General of the Petroleum Products Distribution Company, Hussein Talib, said: “Electronic payment is one of the pillars of the government program, and the Petroleum Products Distribution Company is concerned with this axis because it is the main or largest owner of the monetary mass circulating in the country by supplying citizens with fuel.”
Talib added, “The company supplies (30) million liters of gasoline and (28) million liters of kerosene daily, in addition to (14) million liters of white oil and petroleum derivatives to state departments,” stressing that “ending the cash supply in filling stations Fuel, the success of the electronic payment project in the country, and digital transformation represent a cultural phenomenon similar to other countries.”
He pointed out that "the matter has a security aspect, represented by preserving money from theft, in addition to another service aspect for the citizen, who will receive his petroleum derivatives in the correct manner, and the deduction will be at the official price shown on the fuel processing screen, in addition to ending the issue of suspicion and charges directed against fuel distributors and filling stations." Eligibility, which is represented by selling above the price.
He called on citizens "not to be drawn into malicious rumors that try to abort this project and keep Iraq technologically backward," reassuring that "there will be no tax deduction, nor additional money deducted from payment cards."
He explained that “every official electronic payment card issued by banks and not restricted or monopolized by a specific company or bank, is licensed and authorized to supply the citizen with fuel,” pointing out that “governmental and private banks have developed an application to achieve this matter, and we will have a symposium during this week that will be a broad discussion.” In the presence of all parties, including banks and institutions.”
He pointed out that "the company communicated with Al-Rafidain, Al-Rasheed, and Al-Sina'i banks, and all authorized and private government banks, which in turn prepared an official application that allows citizens to obtain a payment card while they are at home by filling out the information within the application."
He continued, "The company intends, in coordination with the Central Bank and the banks, to further simplify the procedures by opening kiosks or offices at filling stations to receive citizens who are unable to reach the banks due to crowding."
He stressed, "We will continue to make this project a success, and end the largest cash bloc in the country through digital transformation," noting that "the electronic payment process will be launched in all governorates on a trial basis during the current month, and starting next January, specifically the first quarter of 2024, the process will begin." Ending monetary circulation in the country.
He added, "We worked on the issue of electronic disconnection for fuel filling station agents after the process was carried out through checks and reviewing the departments, and that was completed through the application. Currently, the tanker driver goes to the supply warehouses and presents the (Visa Card) and the processing is done through him," confirming "the success of The project".
He stated that “the mobile agents, after they used to be equipped with cash from gas plants, are now equipped using the electronic payment card issued by approved banks, in the name of the mobile agent,” stressing that “the company is proceeding with a plan, an increasing pace, and a timetable to end cash trading in the year 2024.”
The Director General of the Petroleum Products Distribution Company, Hussein Talib, said: “Electronic payment is one of the pillars of the government program, and the Petroleum Products Distribution Company is concerned with this axis because it is the main or largest owner of the monetary mass circulating in the country by supplying citizens with fuel.”
Talib added, “The company supplies (30) million liters of gasoline and (28) million liters of kerosene daily, in addition to (14) million liters of white oil and petroleum derivatives to state departments,” stressing that “ending the cash supply in filling stations Fuel, the success of the electronic payment project in the country, and digital transformation represent a cultural phenomenon similar to other countries.”
He pointed out that "the matter has a security aspect, represented by preserving money from theft, in addition to another service aspect for the citizen, who will receive his petroleum derivatives in the correct manner, and the deduction will be at the official price shown on the fuel processing screen, in addition to ending the issue of suspicion and charges directed against fuel distributors and filling stations." Eligibility, which is represented by selling above the price.
He called on citizens "not to be drawn into malicious rumors that try to abort this project and keep Iraq technologically backward," reassuring that "there will be no tax deduction, nor additional money deducted from payment cards."
He explained that “every official electronic payment card issued by banks and not restricted or monopolized by a specific company or bank, is licensed and authorized to supply the citizen with fuel,” pointing out that “governmental and private banks have developed an application to achieve this matter, and we will have a symposium during this week that will be a broad discussion.” In the presence of all parties, including banks and institutions.”
He pointed out that "the company communicated with Al-Rafidain, Al-Rasheed, and Al-Sina'i banks, and all authorized and private government banks, which in turn prepared an official application that allows citizens to obtain a payment card while they are at home by filling out the information within the application."
He continued, "The company intends, in coordination with the Central Bank and the banks, to further simplify the procedures by opening kiosks or offices at filling stations to receive citizens who are unable to reach the banks due to crowding."
He stressed, "We will continue to make this project a success, and end the largest cash bloc in the country through digital transformation," noting that "the electronic payment process will be launched in all governorates on a trial basis during the current month, and starting next January, specifically the first quarter of 2024, the process will begin." Ending monetary circulation in the country.
He added, "We worked on the issue of electronic disconnection for fuel filling station agents after the process was carried out through checks and reviewing the departments, and that was completed through the application. Currently, the tanker driver goes to the supply warehouses and presents the (Visa Card) and the processing is done through him," confirming "the success of The project".
He stated that “the mobile agents, after they used to be equipped with cash from gas plants, are now equipped using the electronic payment card issued by approved banks, in the name of the mobile agent,” stressing that “the company is proceeding with a plan, an increasing pace, and a timetable to end cash trading in the year 2024.”
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