IOCL Salary Structure 2024-25 [Current Update]

IOCL Salary Structure 2024-25 [Current Update]

What is IOCL Salary 2024? The salaries of Indian Oil Corporation Limited (IOCL) employees vary according to the person’s designation and the location of the company’s headquarters. Engineers and managers are paid the highest salaries ranging from Rs. 60,000 to Rs. 80,000 per month. Read  IOCL Salary 2024 Trade Apprentice, Engineers, Officers Pay Scale in Hand from here from here.

In 2024, the Indian Oil Corporation Limited (IOCL) is all set to announce the pay scale of its trade apprentices, engineers, and officers. This will have been revealed to the candidates who have qualified for the written examination and appeared for the interview rounds. This information was revealed to the candidates who have qualified for the written examination and appeared for the interview rounds. The information was revealed to the candidates who have qualified for the written exam and are in the interview rounds.

IOCL 2024 Highlights!

IOCL Full Form Indian Oil Corporation Limited
Name of Organization Indian Oil Corporation Limited
Type of Job Central Government Job
Mode of Application Online
Location of Job All Over India
Name of Job Several
Vacant Posts Technical and Non-Technical Apprentice
Mode of Application Online
Mode of Exam Online
Official Website

About IOCL!

Indian Oil Corporation Limited (IOCL), also known as IOCL, is an Indian Oil and Gas Company. It is the largest Government-owned and administered Oil and Gas Company in India. This company was founded in 1959, and is headquartered in Delhi, India. It is a public sector undertaking, and the largest PSU or Public Sector Undertaking under the Ministry of Petroleum & Natural Gas, Government of India.

IOCL is an Indian state-owned oil and gas company headquartered in Mumbai, Maharashtra. It is the biggest PSU or Public Sector undertaking belonging to the Government of India. The company is engaged in the refining, marketing, and distribution of petroleum products in the Indian subcontinent.


IOCL Salary 2024

Post Wise:

IOCL Grade Pay varies according to the position of the employee; We have given the Indian Oil Corporation Limited the basic pay scale along with the post-wise pay scale. The pay scale of IOCL increment will be between 30% to 40% which will be merged with the basic pay.

IOCL Pay Scale 2024:

Designation Level Pay Scale (INR)
Assistant Officer A0 50,000 – 1,60,000
Officer A 60,000 – 1,80,000
Assistant Manager B 70,000 – 2,00,000
Deputy Manager C 80,000 – 2,20,000
Manager D 90,000 – 2,40,000
Senior Manager E 1,00,000 – 2,60,00
Chief Manager F 1,20,000 – 2,80,000
Dy. General Manager G 1,20,000 – 2,80,000
General Manager H 1,20,000 – 2,80,000
Executive Director I 1,50,000 – 3,00,000
Director 1,80,000 – 3,40,000
Chairman 2,00,000 – 3,70,000


Indian Oil Salaries:

Post Name Avg. Total Pay
Assistant Manager ₹ 14,09,210/yr
Operations Officer ₹ 13,41,590/yr
Engineering Officer ₹ 89,808/mo
Officer Grade A ₹ 82,592/mo
Production Engineer ₹ 82,267/mo
Sales Officer ₹ 91,674/mo
Engineer ₹ 8,97,590/yr
Manager ₹ 17,62,956/yr
Officer ₹ 76,719/mo
ISO ₹ 11,49,271/yr
Project Engineer ₹ 77,514/mo
Mechanical Engineer ₹ 82,429/mo
Deputy Manager ₹ 21,28,927/yr
Assistant Manager (Retail Sales) ₹ 12,68,655/yr
Management Trainee ₹ 66,557/mo
Operations and Maintenance Engineer ₹ 92,369/mo
General Manager ₹ 2,50,342/mo
Process Engineer ₹ 76,164/mo
Electrical Engineer ₹ 74,246/mo
IOCL Officer ₹ 60,000/mo


IOCL Allowances and Benefits:

  • Telephone Allowances
  • Mining Allowances
  • Post-retirement facility plan Allowances
  • Performance Allowances
  • Medical Allowances
  • Location Allowances
  • Conveyance Maintenance Allowance
  • Composite Social Security plan as per company guidelines
  • Superannuation Benefits Allowance


House Rent Allowance

City Population HRA
X 5 Million and more 30% of basic pay
Y 0.5 million to 5 million 20% of basic pay
Z Less than 0.5 million 10% of basic pay


Shift Allowance

Category Evening and Morning shift Night Shift
Officers (Grade C and Above) INR. 100 per shift INR. shift150 per
Officers (Grade A & B) INR. 80 per shift INR. 130 per shift
Workmen INR. 65 per shift INR. 105 per shift

Dearness Allowance:

IOCL employees are paid DA as a percentage of their basic pay per the All India Consumer Price Index (AICPI). DA is revised quarterly, and its present rate is 121% of Basic Pay.

As Per Grade:

The remuneration of the workers is decided through negotiations with the workers’ union, subject to the overall guidelines of the Department of Public Enterprises, Government of India.

Grades Indian Oil Salary Structure (in Rs.)
I 10500-24500
II 10600-26500
III 10800-29000
IV 11900-32000
V 12800-35000
VI 13800-38500
VII 14800-40500
VIII 16000-43700
IX 20000-49200
I 10500-24500
II 10800 -29000
II 10800-29000
III 11900-32000
IV 12800-35000
V 13800-38500
VI 16000 -43700
VI 16000-43700
VII 20000-49200


For Freshers:

IOCL Officer Salary Component IOCL Pay Scale Structure (in Rs)
Basic pay 24900
DA ( 126.9% of Basic pay) 31598
Perks (50% of Basic pay) 12450
HRA (For metro cities) 7470
EPF (12% of Basic pay plus DA) 6780
Total Gross Salary in Rs 83198

After the 7th Pay Commission:

The below table will give you an idea about the Indian Oil Corporation Limited salary after the 7th pay commission. Please have a look..!


Particulars Indian Oil Employees Salary
Production Operator Rs. 353,833/-
Mechanical Engineer Rs. 663,806/-
Sales Officer Rs 707,445/-
Finance Manager Rs 930,165/-
Information Technology (IT) Manager Rs 875,456/-
Sr. Human Resources (HR) Manager Rs 1,926,485/-
Production Engineer Rs 1,196,665/-


Frequently Asked Questions:

 What is the average salary for a senior manager at Indian Oil Corporation?

Indian Oil Corporation senior managers in India earn an average of ₹ 30 lakhs per year. Salaries can range from ₹ 1 lakh to ₹ 45 lakhs, depending on experience, location, and other factors.

 What are the benefits of working for Indian Oil Corporation?

Indian Oil Corporation offers a comprehensive benefits package to its employees, including medical insurance, life insurance, a pension plan, paid leave, and education allowance.

 How can I apply for a job at Indian Oil Corporation?

You can apply for a job at Indian Oil Corporation by visiting the website and submitting your resume and application materials.

 What are the qualifications for a job at Indian Oil Corporation?

The qualifications at Indian Oil Corporation vary depending on the position. However, most positions require a bachelor’s degree and some experience in the oil and gas industry.

 What is the work culture like at Indian Oil Corporation?

The work culture at Indian Oil Corporation is professional and supportive. Employees are encouraged to be innovative and to take on new challenges.

 How can I contact Indian Oil Corporation?

You can contact Indian Oil Corporation by phone, email, or mail. The company’s contact information is available on its website.

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