On demonetization, the Indian government has cut short the deadline to use the Rs.500 notes for emergency services like the purchase at petrol pumps, buying air tickets at the airport and paying LPG gas. Deadline has been cut short from 15 December to 2md of December.
In the new notification from the government said , to start from December 3, 2016, the old note of Rs.500 will be used to purchase of petrol, diesel and gas at the stations operating under authorization of public sector oil marketing companies and for buying airline tickets at airport counters.
On November 8 on demonetization announcement,the government stopped all old notes of Rs.500 and Rs.1000 notes except to pay the utility bills for 72 hours only. Though the deadline has been revised twice when the last deadline expires on November 24. On that earlier announcement old notes can be used for payment of utility bills like electricity and water, school fees, pre-paid mobile top-up, fuel buying, and airline ticket booking.
But the old note of Rs.500 will be used until December 15 and it will be used for the other utility bill payments as well as at railway ticketing counters and counters of government or public sector undertaking buses for taking of bus tickets. Also, the government announced to stop the old note Rs.500 for the usage or payment of toll at national highways from December 3.
In the earlier announcement from December 3, petrol and diesel fuel purchase, 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.
Sources all revealed that a large number of black money are being used at the petrol pump, airport and highways toll plaza.
It is highly expected of kiosks at highways toll plaza and longer cues will be seen. A huge amount of shortage of lower current notes has been seen and so payment in highways toll plaza will be highly affected.