Litro gas denies statements regarding salary scale

2 July 2022 02:02 am Views - 4974

• 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.