What is an average oil engineer salary?
The average petroleum engineering salaries are the salaries earned by petroleum engineers and technicians in the oil and gas sector in India.
The salaries of petroleum engineers are usually paid on a monthly basis.
Petroleum engineers also have different salaries depending on their specialization.
The average engineer salary for a petroleum engineer is around Rs 2.5 lakh.
According to the government, the average salaries of the petroleum engineers in India is around 10 times higher than the average wages paid to their colleagues.
According to an article published in the Hindustan Petroleum Engineering Society of India’s newsletter, an average engineer earns around Rs. 2.2 lakh per month.
This salary includes the salary of Rs. 1.9 lakh for maintenance and maintenance allowance, Rs. 3.4 lakh for travel and airfare, Rs 2 lakh for salary and bonus, Rs 1.8 lakh for personal expenses and Rs. 9 lakh for expenses.
The average salary of an oil engineer is also based on his or her specialization.
For instance, the petroleum engineer with a major in mechanical engineering is paid a salary of around Rs 10 lakh.
The oil engineer with another major in chemical engineering is also paid a higher salary.
The petroleum engineer earning his or she a bachelor’s degree in petroleum engineering is entitled to a salary in the range of Rs 6 lakh to Rs 10.5 million per year.
According the data from the Indian Oil Corporation, an oil oil engineer’s salary ranges from Rs. 7,500 to Rs. 15,000 per month depending on the level of specialization.
The government has also announced that the average salary paid to petroleum engineers will be reduced by 50 per cent from the previous year.
This is due to the impact of demonetisation on the economy.
The Petroleum Engineering Board of India has also been asked to take a decision on the salary increase in 2017.
If the board does not adopt the proposed salary reduction, the current petroleum engineer salaries will remain unchanged, the government has said.