Tuesday, November 12, 2024

SSGC Faces Backlash for Sending Excessive Bills to Mask Losses

The management of Sui Southern Gas Company (SSGC) is facing criticism for sending over 11 billion rupees in additional bills to consumers, allegedly as part of a planned effort to cover up the company’s losses and gas theft. The additional charges, which amount to 23 billion cubic feet of gas, have been sent under a scheme aimed at misrepresenting the company’s financial health and obscuring the true extent of its losses.

By sending these inflated bills, SSGC has artificially reduced its Unaccounted-for Gas (UFG) percentage from 18% to 10%. Lowering the UFG is seen as a move to present the company as profitable, despite the ongoing financial strain. From July 2023 to May 2024, consumers have been burdened with an additional 11 billion rupees in bills, which include charges under various categories such as gas theft, slow meters, and PUJ (Petroleum and Gas Usage).

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SSGC’s total number of consumers exceeds 3.5 million, and during this period, the company sent a total of 79 billion rupees in bills, which is 44 billion rupees more than the previous year. In Karachi, across Sindh, and in parts of Balochistan, the practice of charging consumers for slow meters and PUJ charges continues, with millions of rupees collected under these controversial categories.

This move has raised serious concerns regarding transparency and accountability within SSGC, with critics accusing the company of attempting to deceive the government, Ogra, and other stakeholders about its true financial performance.

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Zubair Yaqoob
Zubair Yaqoob
Zubair Yaqoob is a senior anchor, and an investigative journalist with an impressive 37 years of experience. Zubair's journalistic journey has been marked by a relentless pursuit of truth and a commitment to delivering impactful stories.Zubair's expertise extends beyond borders, reaching as far as Malaysia, where he has left an indelible mark on the international journalism landscape. His global perspective and keen analytical skills have allowed him to navigate diverse cultural landscapes, bringing a unique and enriching perspective to his reporting.Whether he's in the studio or on the field, Zubair continues to be a driving force in the world of journalism, bridging gaps, fostering understanding, and unraveling the stories that matter most. As the Headline PK Author, Zubair remains at the forefront of news, guiding audiences through the complexities of our ever-evolving world.

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