Chennai: The NHAI will on Monday sign pacts with State-owned oil marketing companies — IOC, BPCL and HPCL — to ensure availability of FASTags at petrol pump outlets across India, the Transport Ministry said.
Promoted by the National Highways Authority of India (NHAI), Indian Highways Management Company (IHMCL) has been mandated to implement the National Electronic Toll Collection Programme (NETC) in the country under the brand name ‘FASTag’.
‘To ensure easier availability of FASTags, IHMCL is signing MoUs with State-run oil marketing companies (IOCL, BPCL and HPCL) on 7 January,’ the Ministry said, adding this will ensure availability of FASTags at petroleum outlets across India.
In the first phase, the tags will be available across 50 fuel stations in Delhi NCR, which will subsequently be expanded to outlets across India, the statement said.
Currently, FASTags are being issued by certified banks only through limited channels such as point-of-sale at NH toll plazas, online, and selected bank branches, etc.