Sui Northern looted Rs 10 billion from consumers, claims daily

Pakistani NewsSui Northern looted Rs 10 billion from consumers, claims daily

ISLAMABAD, Pakistan: The Sui Northern Gas Pipelines Limited (SNGPL), a subsidiary of the Petroleum Ministry, looted Rs 10 billon from its consumers during the financial year 2015-16.

While Prime Minister Shahid Khaqan Abbasi was the Petroleum and Natural Resources in previous Cabinet, the SNGPL purchased the Regasified Liquefied Natural Gas (RLNG) for Rs 96 billion, and sold it at Rs 106 billion.

But the present government didn’t initiate any inquiry or take action against any official involved in illegally-carried out buying and selling of gas, claimed a report published on Roznama 92news on Thursday.

According to documents, during the 2015-16, the SNGPL purchased RLNG for over Rs 96 billion under a swap agreement from the Sui Southern Gas Company Limited (SSGCL) through Pakistan State Oil (PSO), and sold it to Independent Power Producers (IPPs), CNG, fertilizer sector, textile sector and general industries at over Rs 106 billion 85 crore. The RLNG was sold from March 2015 to June 2016.

In June 2016, the SNGPL and the Sui Southern Gas Pipelines Limited (SSGPL) inked the gas transportation agreement.

As per documents, under the tri-party agreement among SNGPL, SSGCL and PSO, RLNG had to be supplied to IPPs, CNG, fertilizer sector, industrial sector and other consumers. But SNGPL illegally sold RLNG to industrial sector and others without fulfilling legal requirements.

Documents revealed that the Sui Northern Gas Pipelines Limited illegally purchased RLNG for Rs 96 billion, sold it for Rs 106 billion; thus looted Rs 10 billion from consumers.

Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Highlights of Pakistan Economic Survey 2022-23

ISLAMABAD, Pakistan: The Federal Minister for Finance and Revenue Senator Ishaq Dar on Thursday presented the Pakistan Economic Survey 2022-23, a comprehensive analysis of...
UAE 4 Day Work Week - All you need to know

UAE 4 Day Work Week – All you need to know

ABU DHABI, UAE: The United Arab Emirates (UAE) government has denied a news report circulating on social media platforms regarding the change of working...

Sadiq Sanjrani terms his visit to Russia a historic one

ISLAMABAD, Pakistan: During his four-day visit to Russia, the Chairman Senate Muhammad Sadiq Sanjrani held meetings with Russian Parliamentarians and Government officials to strengthen...

PM Shahbaz Sharif witnesses Signing Ceremony of TAPI’s Pipeline Joint Implementation Plan

Says TAPI to further strengthen energy security of Pakistan and regionISLAMABAD, Pakistan: A high-ranking Turkmenistan delegation headed by the State Minister and Head...
Honda Cd 70 review

Honda CD 70 and Honda 125 bike prices may increase – Budget 2023

With the Federal Budget 2023-24 around the corner, it is expected that prices of Honda CD 70 and Honda 125 motorcycles may rise as...