The earnings of a Service Provider for an Indian Oil Corporation Limited (IOCL) Company Owned Company Operated (COCO) retail outlet are not a fixed "salary" like a regular job. Instead, it is a contractual income based on a specific remuneration model.
The income is primarily split into a Fixed Lumpsum Fee and Variable Incentives.
1. Remuneration Structure
As a Service Provider, you are essentially a contractor providing manpower and management services. Your earnings come from the following components:
Fixed Lumpsum Fee: IOCL pays a fixed monthly amount to the Service Provider for overseeing the operations of the outlet. This amount is decided by the corporation and mentioned in the specific tender/advertisement for that location.
Variable Incentive (Volume-Based): This is the primary source of profit. You earn an incentive based on the volume of fuel sold (per kiloliter of Petrol/Diesel).
