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Indian Oil Corporation Salaries in Panipat (Updated 2025)

based on 354 latest salaries
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Production, Manufacturing & Engineering Quality Assurance Construction & Site Engineering Environment Health & Safety + 6 more
Designation Avg Annual Salary Open Jobs
1 - 14 years exp. · Panipat (10 salaries)
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₹12.5 L/yr - ₹18 L/yr

1 - 8 years exp. · Panipat (10 salaries)
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₹3 L/yr - ₹5.4 L/yr

0 - 4 years exp. · Panipat (8 salaries)
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₹2 L/yr - ₹3 L/yr

8 - 11 years exp. · Panipat (8 salaries)
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₹18 L/yr - ₹32 L/yr

Starting your career? Discover Indian Oil Corporation fresher salaries in India
0 - 8 years exp. · Panipat (6 salaries)
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₹2.5 L/yr - ₹4.2 L/yr

1 - 12 years exp. · Panipat (6 salaries)
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₹3 L/yr - ₹12.2 L/yr

3 - 6 years exp. · Panipat (5 salaries)
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₹2.2 L/yr - ₹4.5 L/yr

9 - 14 years exp. · Panipat (5 salaries)
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₹5.5 L/yr - ₹8 L/yr

4 - 6 years exp. · Panipat (5 salaries)
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₹4 L/yr - ₹5.3 L/yr

2 - 13 years exp. · Panipat (5 salaries)
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₹5 L/yr - ₹10 L/yr

7 - 12 years exp. · Panipat (5 salaries)
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₹8 L/yr - ₹12.3 L/yr

3 - 12 years exp. · Panipat (5 salaries)
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₹4.2 L/yr - ₹12 L/yr

4 - 8 years exp. · Panipat (4 salaries)
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₹10 L/yr - ₹13.5 L/yr

6 - 15 years exp. · Panipat (4 salaries)
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₹5 L/yr - ₹30 L/yr

3 - 6 years exp. · Panipat (4 salaries)
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₹2 L/yr - ₹6 L/yr

4 - 7 years exp. · Panipat (3 salaries)
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₹16 L/yr - ₹21 L/yr

9 - 12 years exp. · Panipat (3 salaries)
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₹24 L/yr - ₹25.3 L/yr

1 year exp. · Panipat (3 salaries)
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₹1.3 L/yr - ₹2.8 L/yr

28 - 31 years exp. · Panipat (3 salaries)
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₹40 L/yr - ₹93 L/yr

9 - 13 years exp. · Panipat (3 salaries)
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₹3 L/yr - ₹4.5 L/yr

Last Updated: 31 Mar, 2025

Salary related reviews for Indian Oil Corporation

4.1

Rated by 232 employees for salary & benefits

Full Time

 · 

Production, Manufacturing & Engineering Department

4.0
  •  posted on 22 Apr 2020

4.0
 for  Salary and Benefits

Likes

...coming worse due to poor ePMS rating system. Job security is another good thing. Compensation and benefits are also good.

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  • Salary - Good
  • +2 more

Dislikes

I don't like the culture at IOC. There is little appreciation on efforts. There is no transparency in ePMS rating system. It is the one thing that undermines talent of loyal employees. Any type of reservation in promotion should be abolished. Bosses/ management actions are immature/ indecisive and unable to set right example for the future generation. There are very few visionaries in top management and organization is mostly top driven. It is affecting operability, profits and margins.

read more
  • Promotions - Poor
  • +1 more

Full Time

 · 

Production, Manufacturing & Engineering Department

3.0
  •  posted on 22 Feb 2023

3.0
 for  Salary and Benefits

Likes

Being a government company, it gives good salary and provides good additional benefits on top of salary. Specially the kind of unlimited medical cover is something you would not get in private sector.

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  • Job security - Excellent

Dislikes

Workplace is full of toxic seniors. Lot of talented people join IOCL but the system they have does not use the best of them. Work culture is not supportive and people are majorly involved in petty politics. Rarely people get chance to do quality work there.

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  • Skill development - Poor
  • +2 more

Human Resources Department

5.0
  •  posted on 20 May 2019

4.0
 for  Salary and Benefits

Likes

All team members are very supportive. Salary credit in your account between 7 to 10 and time to time increased by the govt. Circullar. I learn many new things here and also a good environment here to work

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  • Salary - Good
  • +4 more

Dislikes

Not a career objective job.

Full Time

 · 

Production, Manufacturing & Engineering Department

3.0
  •  posted on 20 Aug 2024

4.0
 for  Salary and Benefits

Likes

Good salary for freshers Great allowances for furniture, mobile and laptops Superb Medical benefits Job security is best in the industry Diverse working exposure in refineries Townships for employees

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  • Salary - Good
  • +1 more

Dislikes

Remote/ Hardship working locations for refineries Poor work life balance for refineries Hard collar job Career growth is subject to satisfaction of bosses Heavy work loads in few large refineries

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  • Work-life balance - Poor

Full Time

 · 

Finance & Accounting Department

3.0
  •  posted on 10 Sep 2023

4.0
 for  Salary and Benefits

Likes

...ork culture is not much stressed and employees can have a very comfortable life. The pay offered here is good and decent.

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  • Salary - Good
  • +2 more

Dislikes

The pay discrimination. Since its a PSU, one of the biggest disadvantages is that you are not paid according to your Qualification and contribution rather it is much based on how long have you been in the company. The organization has been filled with enough examples where an IITian, CAs, MBA professionals who are much important to organization because of their skills are being paid less than an old age employees who might be just doing basic work like passing of medical invoices, being PAs to senior management, employee reimbursement review etc. They work does not contribute either to the growth or profitability of the organization however there CTC 3-4 times higher than that of Qualified personnel working in the same company. Further, very limited personnel from the top management are actually concerned about the health of the organization but mostly are just there to complete their tenure which makes the organization extremely slow and difficult for young professionals to work with full efficiency.

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  • Skill development - Poor
  • +1 more
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Indian Oil Corporation Salary FAQs

How much does Indian Oil Corporation pay to its employees?
The average annual salary at Indian Oil Corporation varies depending on the role, experience, and location. The salary ranges for some popular designations at Indian Oil Corporation, are as follows:

Production Engineer ₹12.5 Lakhs to ₹18 Lakhs per year
Safety Officer ₹3 Lakhs to ₹5.4 Lakhs per year
Computer Operator ₹2 Lakhs to ₹3 Lakhs per year
Production Manager ₹18 Lakhs to ₹32 Lakhs per year

The highest-paying role, General Manager Finance, earns between ₹60 Lakhs to ₹94 Lakhs per year. The top 10% of employees earn more than ₹25 Lakhs per year, and the top 1% earn over ₹57.8 Lakhs per year. Salaries at Indian Oil Corporation can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These salary estimates are based on data from 354 salaries submitted by Indian Oil Corporation employees. Indian Oil Corporation is rated 4.1 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at Indian Oil Corporation in Panipat?
The salary of a fresher at Indian Oil Corporation in Panipat typically ranges from ₹1 Lakh to ₹19.5 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Accounts Officer Salary ₹12 Lakhs to ₹17.5 Lakhs per year
Fresher as a Project Assistant Salary ₹3.1 Lakhs to ₹4 Lakhs per year
Fresher as a Computer Operator Salary ₹1 Lakhs to ₹3.3 Lakhs per year
Fresher as a Data Entry Operator Salary ₹0.7 Lakhs to ₹2.5 Lakhs per year

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Average annual salary in Indian Oil Corporation , Panipat is INRunlock blur . Salary estimates are based on 300+ Indian Oil Corporation latest salaries received from various employees of Indian Oil Corporation.

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