The Indian Institute of Petroleum and Energy (IIPE) offers a fee structure similar to IITs and NITs, with a tuition fee of INR 75,000 per semester. Additional fees include a hostel fee of INR 25,000 per semester and miscellaneous charges. For financial assistance, IIPE provides fee waivers based on family income and category. Students with an annual family income below INR 1 lakh receive a 100% waiver on tuition fees.
Those with an income between INR 1 lakh and INR 5 lakh receive a 66.67% waiver. SC, ST, and PWD students are eligible for a full tuition fee waiver regardless of income, although they must pay hostel and mess fees. The college also offers scholarships for female students and category-based scholarships from government PSUs like ONGC and HPCL. Most students are placed successfully, with a placement rate of 98% and an average package of 9.7 LPA.
The highest package offered is 25 LPA.

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