The first ever joint brainstorming session of executive associations from major oil and gas CPSEs was called in Kolkata by the Indian Oil Officers’ Association (IOOA), marking a significant move ahead of the next 4th Pay Revision Committee (PRC) for Central Public Sector Enterprises (CPSEs).
Notable members of the officers’ associations from Indian Oil, BPCL, HPCL, ONGC, GAIL, and Oil India were present at the gathering. Collectively, the groups stated: “The participants expressed concern over the delay in constitution of the 4th PRC by the Department of Public Enterprises (DPE), despite the next wage revision becoming due from 1 January 2027.”
Ahead of the upcoming salary revision, which “is expected to impact nearly 20 lakh employees and pensioners associated with CPSEs across the country,” the leaders announced that the PRC must be promptly formed “to facilitate meaningful stakeholder consultations and smooth implementation of the revised pay structure.”
In light of the increasing expense of healthcare, the discussions centred on ways to improve benefits for both current and former employees both during and after retirement, with an emphasis on comprehensive health coverage.
It also raised concerns with “the existing profitability-linked affordability clause, which often subjects employees to factors beyond their control such as regulatory interventions, market fluctuations and geopolitical developments.”
They also suggested “a more equitable and transparent Performance Related Pay (PRP) framework, improved fitment benefits to ensure real wage growth, revision of pay scales and annual increments to maintain competitiveness with the private sector, and enhanced social security measures for employees.”
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