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01 DECEMBER, 2022
Did you know that whenever you refuel your vehicle, you pay a hefty surcharge for it? The fuel surcharge is a charge that is levied on the purchase or use of petroleum and diesel. The surcharge typically is a percentage of the total cost of the fuel or service. For example, if the fuel surcharge on petrol is 10%, then the customer will pay an extra 10% on top of the regular price of petrol.
The purpose of the fuel surcharge is to compensate for the rising fuel cost. The amount of the surcharge varies depending on the price of fuel. When fuel prices are high, the fuel surcharge is higher. When fuel prices are low, the fuel surcharge is lower.
The fuel surcharge is not a tax. Instead, it is a charge passed on to customers by businesses that use or sell petroleum products. The amount is used to offset the rising fuel cost so companies can continue to provide products and services at a reasonable price.
Indeed, fuel surcharges in India are one of the unavoidable expenses to bear. However, there are certain ways to save on them, such as by using a fuel credit card. Fuel surcharges are generally waived when you pay with a fuel credit card to purchase petrol or diesel. In addition, you will not be charged an additional fee for using your credit card to pay for fuel. This can be a great benefit if you often use your credit card to pay for fuel, as it can save you money.
What is a Fuel Surcharge Waiver?
When you use your credit card to purchase petrol or diesel, a fuel surcharge is usually added to your bill. However, some credit card companies offer a fuel surcharge waiver on certain cards. This means that you will not be charged the surcharge when you use your fuel credit card to pay for petrol or diesel. This waiver is usually only available on specific cards, and you will need to check the credit card details to see if your card is eligible for the waiver. Some companies require you to register for the waiver to receive it, so be sure to research before using your card at the petrol pump. The fuel surcharge waiver can save you significant money if you frequently purchase petrol or diesel.
How Can You Get a Fuel Surcharge Waiver With a Credit Card?
You may be charged a fuel surcharge when you use a credit card to purchase fuel in India. This charge is usually a percentage of the total fuel cost and can add up quickly to a significant amount. However, there are ways to get a waiver on this charge.
Most credit card companies have a policy that allows customers to get a waiver on the fuel surcharge if they use their card to purchase fuel from certain gas stations. For example, we offer a waiver on the fuel surcharge for purchases made at any fuel pumps across India. However, to get the waiver, you must use your Kotak fuel credit card to pay for the fuel.
Other credit card companies have different policies for waiving the fuel surcharge. To find out if your credit card company offers a waiver on the fuel surcharge, check your card member agreement or contact customer service. If your credit card does not offer a fuel surcharge waiver, there are still ways to save on fuel costs, such as using a rewards credit card that offers cash back or points for gas purchases. You can ensure you're getting the best possible deal on fuel costs with some planning and research.
Are Fuel Surcharges Refundable?
While fuel surcharges are non-refundable in most cases, there are some exceptions. For example, if you have been charged an overly high fuel surcharge on credit card, you can register a complaint with the relevant authorities.
Best Fuel Credit Cards in India
There are a few key things to know regarding fuel surcharges in India. First, the government imposes surcharges on both petroleum and diesel. The amount of the surcharge varies depending on the price of fuel.
Now that you know all about India's fuel surcharges, let's look at one of India's premier fuel credit cards: Kotak Royale Signature Credit Card. Among the various credit card benefits Kotak offers, the most notable ones are 1% fuel surcharge waiver, 4X reward points on spending ₹150 and a railway surcharge waiver. You can use the accrued reward points on your Kotak Royale Signature Credit Card to get instant vouchers. Additionally, you can convert your reward points to cash. With cards like this, you can get significant cash back on fuel purchases, among many other credit card benefits.
High fuel surcharges can be a pain, but there are ways to reduce them. One way is to use a credit card that offers fuel surcharge waivers. There are many of these cards available, so do your research and find one that perfectly suits your needs. With the best credit card for fuel available on Kotak, you can save money on petrol and diesel without changing your spending habits.
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