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April 29, 2017 Comments Off on Think you’re being cheated at petrol pumps Views: 1053 News & Updates

Think you’re being cheated at petrol pumps

Most consumers only check the display of the fuel dispensing machine for the amount and the quantity of the fuel filled but the raids show that the pumps were using a remote-controlled electronic chip to dupe consumers.

1. Petrol pumps install a chip inside the fuel dispensing machine, which is designed to reduce the fuel output by nearly five to ten per cent.
2. The chip is attached to a wire, which sets the limit through a remote control. So, if you are buying one-litre of petrol, the machine will release only 940 ml.
3. Such chips cost around Rs 3,000 a piece.
4. The Special Task Force suspects that the chips have been sold to a large number of pumps. As per STF estimate, a petrol pump using this chip earns an undue profit of around Rs 14 lakh per month.


Source Credit: economictimes & mathrubhumi