The old currency notes of Rs 500 will be accepted on Petrol Pumps and for buying air tickets till December 2. The government on Thursday has announced to cut the deadline of using Rs 500 notes till December 2 instead of 15 December. And after, these notes cannot be used in both petrol pumps and air-ticket counters.
As per the notification issued by the government, it said with effect from December 3, 2016, old Rs 500 notes cannot be used for purchasing of petrol, diesel and gas at the station operating under authorization of public sector oil marketing companies and for buying airline tickets at airport counters.
Old currency notes of Rs 500 will be accepted at Railways and Bus’ tickets counters
The government had also announced while scrapping notes of Rs 500 and Rs 1000 that notes could only be used for utility bill payments for 72hours. Later, it had extended the deadline twice and when the last one was to expire on November, It amended it to state that only the old 500 rupees notes would be used for payment of utility like electricity and water, school fees, pre-paid mobile top-up, fuel purchase, and airline ticket booking.
Although the government has banned use of the old notes in the petrol pumps and airlines for buying tickets, however, it will only be accepted for the utility bill payments at Bus and Railways-ticketing counters for buying tickets (public or government sectors) till December 15. The government has also slumped earlier announced plan to allow the use of Rs 500 note for payment of toll at national highways from December 3. Earlier, the government had announced that toll payment both old 500 and 1000 rupee notes was accepted till December 2 and after that only Rs 500 notes could be used, however now the facility too has been withdrawn.
Black money hoarders were misusing the facility at airport and highway toll-plaza
Therefore, from December 3, fuel purchase, airline ticket booking at airport counters and highway toll payment would be permitted in lower denomination currency or the new notes of Rs 500 and Rs 2000. According to the source, the move of demonetization to restrain used of old notes at petrol pumps and highway toll plazas follows reports of the facility being misused by black money hoarders.