Indian Oil Corporation marked the celebration of decade of partnership with Citibank for Petro Card. India’s first fuel card was launched in 1997. In 2003, they launched IndianOil Citibank Debit Card followed by Gold card launch in 2006. They have a customer base of 1 million.
Due to increasing thrust from the Government towards SMEs, the duo have decided to launch IndianOil CitiBusiness Credit Card for SMEs and Professionals. Mr. Ramchandran of Citi Bank Business Cards said,
Fuel is undoubtedly among the top expenses for small businesses and professionals. We are delighted to expand our partnership with Indian Oil to create a vaulable savings advantage for Small Businesses and Professionals. We expect an average credit limit of Rs 500,000 to Rs 1,000,000.
If you are a Professional [Doctor, Architect, etc] or running a successful SME with good credit history and regularly filed tax returns, then you maybe eligible for this card.