SLL denounces allegations in LPG operations

All imports are conducted via Letters of Credit, ensuring compliance with banking standards


News Desk March 14, 2024
SSGC logo. PHOTO: FILE

SSGC LPG Limited (SLL), a wholly-owned subsidiary of Sui Southern Gas Company Limited, operates an LPG Import Terminal at Port Qasim Authority (PQA), Karachi.

As a State-owned Enterprise (SOE) under the Ministry of Energy [Petroleum Division] (MoE-PD), SLL is a leading integrated LPG marketing and distribution company in Pakistan, importing LPG through transparent international bidding processes in adherence to PPRA rules.

All imports are conducted via Letters of Credit, ensuring compliance with banking standards.

Under directives from the MoE-PD, SLL has increased its LPG imports to prevent shortages during peak demand seasons, while actively combating black market activities that exploit shortages to inflate prices.

Despite being one of over 250 LPG marketing companies in Pakistan, SLL, with an 8 per cent market share, cannot be considered monopolistic.

It solely relies on imports as it lacks local allocations of indigenously produced LPG.

Contrary to claims of unfair pricing, imported LPG prices are regulated by OGRA, maintaining parity with indigenously produced LPG.

Allegations of financial misconduct against SSGC and SLL employees have been consistently denied by the management. Routine inquiries by investigating agencies are standard for public sector SOEs.

Many accusers lack stakes in the LPG market, raising suspicions of ulterior motives to discredit SSGC and SLL.

The company reaffirms its commitment to supply chain improvement, ensuring adequate LPG supply, especially during Ramadan and Eid, in compliance with MoE-PD directives.

Any attempts to defame SLL or hinder LPG imports for personal gain will be met with legal action.

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