For three days,officers of oil PSUs held the nation to ransom as queues lengthened outside petrol pumps and panic set in across India. They were striking for better pay. But the monthly paycheque the union leaders take home shows how well paid employees of Indias public sector oil companies are.
Salary statements provided by oil and gas companies show that Oil Sector Officers Association (OSOA) President Amit Kumar drew Rs 85,000-plus before the pay revision that was approved by the Cabinet last November. Post revision,his emolumentsincluding gratuity and provident fundhas jumped 50 per cent to Rs 1.29 lakh per month. Similar is the case of three other senior leaders who draw close to Rs 1 lakh a month. And that does not include perks.
Apart from salaries,a number of special allowances are paid to the officers which include drill site allowance,children education allowance,professional pursuit allowance,bungalow maintenance allowance,courtesy allowance,hard duty allowance,canteen subsidy,remote area allowance,North-east allowance,cable allowance which are over and above normal allowances like house rent allowance and dearness allownace, says a Petroleum Ministery note. Allowances at very liberal rates are also given in the form of transport subsidy,hostel subsidy,mobile bill reimbursement,newspaper reimbursement,concessional procurement of equipment like laptops,furniture etc, it adds.