The LPG Chamber of Pakistan, Thursday, warned LPG shortage crisis ahead of Ramazan due to blackmailing practices of the subsidiary of Sui Southern Gas Company Limited (SSGCL) dealing with LPG importers reportedly involved in hampering LPG imports.
The malpractices of the subsidiary LPG terminal company of SSGCL have not only led to loss of multimillion rupees to the importers but also national exchequer following blackmailing tactics to create problems for LPG importers.
While addressing a press conference Regional Chairman LPG Standing Committee of FPCCI Irfan Khokhar said that state owned LPG terminal company had refused to entertain two ships of LPG imports carrying 11900 metric tons within a week resulting accumulative loss of Rs 40 million to national exchequer.
He said that LPG terminal charged $32 per metric ton and so this company caused a multimillion rupees loss to national exchequer. In routine, the LPG demand is over 3000 to 3500 metric tons per month that would jump up to 7000 metric tons in month of Ramadan to stabilize prices. The blackmailing tactics of state owned terminal company would cause shortage of product due to blocking LPG imports that would lead to increases prices.
He said that government had made efforts to enhance supply of LPG through imports but state owned terminal company was involved in conspiracy against government to create artificial shortage of gas due to blocking LPG imports.
Khokhar said that terminal company bought by SSGCL was a dead one and importers had played a key role in riving this company due to imports. He said that Engro terminal a private company had handled total 1.2 million tons products and out of it, it handled 226000 metrics in 2016 by operating for 14 days. Whereas he said that a subsidiary of SSGCL had handled 214000 in a month time and both terminals had the same storage capacity.
He said that last year 1.2 million metric tons LPG was sold in Pakistani market and out of it, 0.53 million metric tons LPG was imported to meet domestic needs.
He said that he had exposed LPG theft of 2000 metric tons worth Rs 147 million at terminal of SSGC subsidiary company. He said that he had held meeting with high ups of the company and SSGC Managing Director had chaired the meeting. SSGC chief had assured to take action but no remedy had been done so far.
He said that terminal company had retained LPG stock of importers which worth amounted to millions of rupees. After being depressed and no action from SSGCL management side, one LPG importer company had filed a case in Sindh high court for relief.
He said that SSGCL subsidiary had refused to entertain two ships of one Importer Company which led to not only multimillion rupees loss to import but government had also suffered huge loss. Even, he said that state owned terminal company was using blackmailing tricks to exploit the importers and was pressurizing the said company by blacklisting it and wanted it to withdraw case from court unconditionally.