1 IndianOil Fuel point is worth ₹0.50 in India.
₹0.50₹500 per 1,000 points, our house mark
₹0.50 · first marked 17 Aug 2026, never re-marked since
How we got this ₹ figure
₹0.50 is our HOUSE value for a point — what a disciplined traveller actually clears, not the best redemption we have ever seen (₹0.50, the ceiling) and not the worst you can always fall back on (₹0.50, the floor). It is the number every route on this page is priced with.
We hold one dated point for IndianOil Fuel Points — the mark itself. There is no earlier valuation on our record, so this page shows no trend line rather than drawing one. How we value a point →
Which of my cards reach it? — 2 do
2 cards earn IndianOil Fuel Points outright. The figure is the reward rate — what ₹100 of ORDINARY spend earns back at our house ₹/point, before milestones, accelerators and the annual fee. How we compute it →
IndianOil RBL Bank Credit Card0.5%RBL BankIndianOil RBL Bank XTRA Credit Card1.0%RBL BankRBL states the rate itself, to the decimal: "1 Fuel Point = INR 0.5 for buying XTRA Reward points redeemable at IndianOil Fuel Stations." That sentence is also the reason this is scrip rather than money — a Fuel Point buys fuel at an IndianOil pump through the XTRA Rewards programme, and converts to nothing else. Flat by construction: one published rate, one redemption path, no transfer partner and no second avenue to spread a band across. Do not confuse it with rbl-reward-points, which these two cards do NOT earn.
IndianOil Fuel Points has held — we grade its nerf risk stable 3 cuts in 24 months — latest: Jan-2026 fee hike (minor) How we grade it →
Expiry: not published — RBL states the redemption rate but sets no expiry on an accrued Fuel Point
No corridor on our board prices a seat in IndianOil Fuel Points against a published chart — every option that reaches it is dynamic, and an estimate is not a seat. the 2,196 corridors that DO have a verified price →
The nerf log
Full tracker →Every tracked event that touches IndianOil Fuel Points.
- 22 Aug 2026RBL relaunches the Shoppers Stop co-brand as a Gold / Platinum / Black trioAn older single Shoppers Stop co-brand line → Three tiers — Gold (₹1,000), Platinum (₹5,000), Black (₹10,000) annual — earning 10 RP/₹200 (Gold, Platinum) or 15 RP/₹200 (Black) across the Shoppers Stop Universe, with points worth ₹0.25 / ₹0.50 / ₹1.00 respectively
RBL rebuilt its Shoppers Stop co-brand into a three-card ladder. The fee rung buys a richer point, not just more of them: a Reward Point is worth ₹0.25 on Gold, ₹0.50 on Platinum and ₹1.00 on Black, so Black's 15 RP per ₹200 at ₹1 a point is a genuine 7.5% back on First Citizen days inside the Shoppers Stop Universe. Welcome vouchers scale the same way (₹500 quarterly on Gold, ₹2,000 plus Platinum membership and a makeover on Platinum, ₹1,500 quarterly on Black). No lounge access on any of the three — these are store cards and earn like it, with value only inside Shoppers Stop. All three are already on our board.
- 7 Jan 2026RBL bolts a 1% fee onto FASTag loads and tolls — the fifth 1% line on its charge sheetRBL levied 1% transaction fees on four things: rent, fuel and auto above ₹10,000, utility above ₹50,000 a month, and education routed through third-party apps → A fifth: "w.e.f. January 07, 2026, a 1% fee will apply on transactions done for Fastag loading or toll payment transactions above INR 10,000 per transaction per Card" on MCC 4784, 4111 and 4131. All five carry 18% GST on top
RBL's live Schedule of Charges (RBL-CC-SOC-V2-12-12-2025) now runs five separate 1% transaction-fee rows, and the newest one reaches the category Indian card marketing has spent three years advertising. Verbatim: "Fee on FASTag loading and Toll Payment Transactions — Merchant Category Codes MCC 4784, MCC 4111 and MCC 4131 — w.e.f. January 07, 2026, a 1% fee will apply on transactions done for Fastag loading or toll payment transactions above INR 10,000 per transaction per Card." It joins rent (MCC 6513, 1% on every transaction, no floor), fuel and auto (1% per transaction above ₹10,000, capped at ₹3,000), education through third-party apps (1%, with school and college websites and their own POS machines expressly exempt), and utility (1% above ₹50,000 a month per card). Every one attracts GST at 18%. Here is the trap, and it is structural rather than about any single rate: these are FEES, and RBL lists them in the Schedule of Charges nowhere near the reward exclusions in the card terms. A category can therefore cost you 1% AND earn you nothing — the two documents never reference each other, and no product page sums them. This is bank-wide by construction: the Schedule of Charges prices roughly sixty named variants and the fee rows are scoped by MCC, not by card. If you top up FASTag in ₹15,000 or ₹20,000 lumps to avoid doing it monthly, split the load: under ₹10,000 a transaction, the fee does not apply.
- 1 Jul 2025RBL gates domestic lounges behind ₹35k a quarterComplimentary domestic lounge visits on World Safari, Icon and Platinum Maxima with no spend condition; add-on cards included → ₹35,000 of prior-quarter retail spend unlocks the next quarter's visits; add-on cardholders excluded; nothing in the issuance quarter
RBL joined the spend-gate club: from 1 July 2025, World Safari and Icon holders must put ₹35,000 of retail spend through the card each quarter to keep the next quarter's domestic lounge visits. Add-on cardholders lose access outright, and new cardholders wait out their first quarter at the food court. For World Safari — a card people carry precisely for airports — the free-with-the-fee era is over.
- 15 Oct 2024RBL strips points from education, government and wallet spendsWorld Safari and Icon earned base points on most categories; milestone counters included nearly all retail spend → No points on education-via-apps, government, contracted services, cash and Bills2Pay; milestones exclude 14 categories; 1% fees on utility spends past ₹50k/month, education apps and fuel past ₹10k
A portfolio-wide tightening dressed up as a T&C refresh: from 15 October 2024, RBL cards — World Safari and Icon included — stopped earning on education portals, government payments, wallets, and Bills2Pay, and the milestone counters that justify both cards' fees now exclude fourteen spend categories. Add 1% surcharges on big utility months, education apps and ₹10k+ fuel fills, and the effective reward rate on real-world spend dropped without a single headline number changing.
Straight answers
The questions people actually type about IndianOil Fuel Points — answered from the same data as everything above, with the same numbers.
What is 1 IndianOil Fuel point worth in INR?
Our desk marks IndianOil Fuel Points at ₹0.50 a point — so 1,000 points are worth ₹500 and 10,000 are worth ₹5,000. That is the number every route on this page is priced with. The ₹0.50 floor is the redemption you can always fall back on; the ₹0.50 ceiling is the best sweet spot we have actually verified. The mark is holding flat, last reviewed 17 Aug 2026. The valuation index prices it against every other program we cover.
Which Indian cards earn IndianOil Fuel Points?
2 Indian cards earn IndianOil Fuel Points outright. Best-ranked earners: IndianOil RBL Bank Credit Card and IndianOil RBL Bank XTRA Credit Card, the best of them at 0.5% reward rate. The card list above names each of them with its rank, its ratio and what one of its points becomes here.
When did IndianOil Fuel Points last devalue?
15 Oct 2024 — RBL strips points from education, government and wallet spends. That is the newest cut on our record. The nerf log below carries 4 tracked events touching IndianOil Fuel Points, and the program grades stable on nerf risk.
Verified against IndianOil (earned on an RBL Bank co-brand)'s own documents on · our house ₹/point, ₹0.50 today
Not published , and we will not invent it: how long posting takes · its award terms — surcharges and the booking window.
Every document behind this page — 2 of them, each with the day we read it
- official IndianOil RBL card T&C §4.2 — "1 Fuel Point = INR 0.5 on IOCL Petrol Pump", the pump rate this row is marked at, alongside "3 Fuel Point = 5 XTRA Reward Point" at ₹0.30 an XTRAREWARDS point.
- official Product page — 10 Fuel Points per ₹100 at IndianOil (capped 1,000 a month) and 1 per ₹100 elsewhere, the accrual the ₹0.50 is multiplied against.