Litro gas denies statements regarding salary scale

2 July 2022 02:02 am - 15 - {{hitsCtrl.values.hits}}

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Says baseless allegations have been made with intention of causing a negative impact on goodwill of company
Points out less than 2% of annual turnover spent on salaries
Asserts company severely impacted by rising global LPG prices, foreign currency fluctuations and not increasing prices of LPG in SL
Stresses company is built on a model of efficiency and professionalism

Litro Gas Lanka, Sri Lanka’s national LPG provider, yesterday denied the statements making rounds on social media, regarding its salary structure.

In a statement to the media, it said the company spends less than 2 percent of its annual turnover on salaries for its less than 200-member staff. “Our team includes experts and professionals with global and local experience in their chosen field of expertise and are not paid state-backed pensions or other tax-free incentives or facilities available for government employees,” said Litro Gas Lanka Chairman and CEO Muditha Peiris.

He elaborated that many on the Litro Gas Lanka team have continued their career from Lanka Gas Co and Royal Shell Gas and have been serving for well over 20 years. The Litro Gas Lanka employees have always taken pride in their core values of delivering performance as a sustainable and tightly knit team, stressed Peiris.

He added that while the salary structure of Litro Gas Lanka is governed by Companies Act of 2007 No 07 and regulated to be on par with other state-owned enterprises (SOEs), it is in no way as per the incorrect and false information shared on social media.

He stressed the baseless allegations have been made with the intention of causing a negative impact on the goodwill generated by the company in the minds of the consumers.

“The company vehemently denies the allegations and reiterates that such deliberate acts of sabotage are aimed at causing great harm and damage to the good name and reputation Litro Gas Lanka has cultivated over the years as the country’s leading LPG provider,” said Peiris.

He pointed out that the company has been severely impacted by the rising global LPG prices, foreign currency fluctuations and not increasing the prices of LPG in Sri Lanka in keeping with the changing international rates of LPG.

The once robust entity that consistently performed as a leading SOE with growth potential, has been incurring losses recently, having passed on the cost benefit to the consumers for a considerable period of time, pointed out Peiris.

The statement highlighted that as a fully-owned subsidiary of Sri Lanka Insurance Corporation, Litro Gas Lanka has been a major contributor towards the Treasury coffers since inception. The company is built on a model of efficiency and professionalism and has inculcated in its staff ethics of efficiency, effectiveness and being result oriented, the factors that have played a major role in its success.

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Comments - 15

ravin Saturday, 02 July 2022 09:40 AM

Take it easy. It is well known fact, few years ago top officials of all public media had a thamasha from highest authority at that time. That's the begging of media manipulation. Now only we are getting the repercussions. Truth is always hidden and rumors are taking the truths place.

Wije Saturday, 02 July 2022 10:49 AM

Pls publish summary of salary scales with allowance on slabs basis ( over 1M how many , 0.5M how many, etc) , so we can see how salaries are distributed. No one believe pep talks of these guys any more

Ram Saturday, 02 July 2022 11:07 AM

Mr Muditha Peiris, If what you say is true why not highlight the salaries and the allowances paid to the top tier employees whose names appeared gobbling extremely high salaries

Aragalaya Saturday, 02 July 2022 12:38 PM

Litro Chairman Muditha Peries has not done any attempt to renegotiate with Siam gas as he is the silent agent of Oman Trading, it has been alleged. “His first duty was to reinstate alleged corrupted Director of Procurement, Terrance Appuhamy who concluded all his corrupted transactions during his tenure in 2015 to 2020. It has come to light that Appuhamy had retired but was recalled by Peiris and reappointed to the post last week. An efficient financial controller who was side-lined by Peiris led to bringing back H. Lakmali – Director Finance who was involving in the checks and balances in last two years after taking enormous salaries as exposed by COPE. Peiris has taken her to the pool last week. Peiris alleged to have been previously backed by Ravi Karunanayake who is back in action in making deal,” sources allege. Siam Gas is probably one of the biggest LPG trading companies of Thailand conglomerate. They have one of the largest vessel fleets in Asia with around 180 vessels

Ben Saturday, 02 July 2022 06:10 PM

@aragalaya,pleace make public aware of corrections of Litro,seems you know well of inside dealings

Soda Gas Saturday, 02 July 2022 01:04 PM

True that your team involve experts and denying any salary revisions is very much appreciated. We are lucky to survive without gas for well over 6 to 7 months because of your experts sacrifices . God bless you all

Anne Karunaratne Saturday, 02 July 2022 02:52 PM

This man looks abnormal!!! Doubt it he even knows what's going on!!!

sam Saturday, 02 July 2022 04:51 PM

If media was wrong say the correct amount simple solution

Francis Saturday, 02 July 2022 08:01 PM

How much are you getting as salary plus allowances. You are bullshitting here without fact and figures. We are no damn fools man

lankaputha Saturday, 02 July 2022 08:53 PM

Usual sale in past was 350,000 Cylinders per week or 50,000 Cylinders per day... Per month, 1,500,000 Cylinders * 5000 7 .5 Billion. 2 % of it (Per his comment on current income), 150,000,000. That is still a huge amount to be disbursed among 200 staff members isn't it ?

Kalana Jinadasa Sunday, 03 July 2022 05:35 PM

Exactly.

Tony Konara Saturday, 02 July 2022 08:53 PM

Mr Muditha Why don't you publish the salaries Just saying 2 % is not enough We know how the CEB , CPC What have you got to hide Also you say experts What expertise do you need just to buy and distribute gas This is not rocket science You can do this just 20 people After all you are not manufacturing gas but just a glorified distributor We challenge you to publish the salaries of the directors and management

Aragalaya Sunday, 03 July 2022 01:25 AM

For Ben Energy experts question why Litro is trying to buy gas from Oman Trading that sells at USD 129 per MT for shipping and premium. This is following the statement from Prime Minister Ranil Wickremesinghe and Chairman of Litro gas that a grant of USD 70 million from the World Bank and USD 20 million from the Government had been reserved to import 100,000 MT of LP gas instead of buying from Siam Gas which sells at USD 96 per MT. “If funds are already assigned, why those funds cannot be utilised and negotiated with Siam Gas at USD 96,” an inside source told Ceylon Today. Several Litro gas agents know that Siam’s quotation is the lowest however due to vested interest Oman Trading Company has managed to renew its contract. If Siam Gas is selected USD 3.3 million could be saved which is around 3,800 MT of LPG to fill 304,000 cylinders which would be enough to solve the cooking needs of 3,000 households.

Moron Sunday, 03 July 2022 07:18 AM

Of course, otherwise why increase the price of a cylinder that nobody can afford. So go tell the Marines, Moron!!!

Blaise NALIN Wijeyeratne Sunday, 03 July 2022 09:52 AM

How much is 2% tell the figure divide it by 200 and work out the average salary . Put scales which you will not do just deny and say it’s 2% and fool the public . What jokers who try to mislead .

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Litro gas denies statements regarding salary scale

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