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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Why not Reduce the fuel price in Sri lanka

Why not Reduce the fuel price in Sri lanka

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Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Fuel price are falling in the world market Why not Reduce the fuel price in Sri lanka.

which would be a very favourable for the economy.

If reduce the oil price how will effect the LIOC share price.

R_K

R_K
Equity Analytic
Equity Analytic
I don't think variability in fuel prices have a major impact of on share price of LIOC in the long term because demand for fuel is inelastic. However in the short term share price can be expected to appreciate or depreciate because some investors might consider fuel price to have an effect on share price and act on that. These effects can be expected to become nullified in the longer term.

nickjava


Manager - Equity Analytics
Manager - Equity Analytics
Government will do it just before election to get some votes.

Ernie Tissera


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Government will reduce the prices to get votes before the end of this month. LIOC price will come down slightly immediately after the reduction and will pick again after a week.

sramiz


Stock Analytic
Stock Analytic
The Sri Lankan Economy is not something that you can learn through book or logical thinking....

You need to be a bit of a crack to understand it.... Very Happy Rolling Eyes Smile

senuka


Stock Trader
There is a co relation between oil price and vehicles . price of vehicles will go up with the reduction of oil price .

aran

aran
Manager - Equity Analytics
Manager - Equity Analytics
MR will announce the oil price cut during the final phase of election campaign Very Happy

RPPA


Expert
Expert
If any on can tell how the crude oil purchases are done (what is the procedure) please feel free to explain. As i got some infor' which i am willing to share. But i want to cross check whether what i knows is correct.

If i can get the above information can give the answer for not reducing the fuel prices. Wink

Sarabulathwita

Sarabulathwita
Vice President - Equity Analytics
Vice President - Equity Analytics
@Gainer wrote:Fuel price are falling in the world market Why not Reduce the fuel price in Sri lanka.

which would be a very favourable for the economy.

If reduce the oil price how will effect the LIOC share price.

Please wait till MITHREE comes

nishantha041


Stock Analytic
Stock Analytic
Most probably fuel price will reduce by the government before the election. and immediately it will affect on share price. But later on again share price will move (up/down) with Q Reports.

bandulawee


Manager - Equity Analytics
Manager - Equity Analytics
There was a Cabinet decision approving a proposal by the Minister in Charge to fix the buying price of oil at a high price which prevailed some time back in the midst of opposition protests. As usual Sri Lankan consumers will pay a higher price for petrol and diesel while few individuals reap all the benefits.

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Right to have information is limited. Tender procedures are not in compliance with procedures laid like stones in a pattern. Crooked are capitalizing the wealth out of inefficiencies & corruptions. Please read the book name "power , power " published by Champika Ranawaka.

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
The govt is if reduce the fuel prices it will definitely have an impact on LIOC profits.

Sarabulathwita

Sarabulathwita
Vice President - Equity Analytics
Vice President - Equity Analytics
Because our politicians still dont know the wold oil prices have come down. They will lean from foreign news in the near future

Till then, wait pls

shane001


Manager - Equity Analytics
Manager - Equity Analytics
We have to wait till decembr end.

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Breaking News fuel price reduced today

This good news for stock market and Economy

shane001


Manager - Equity Analytics
Manager - Equity Analytics
Wow every one will enjoy on this in vacation period. Hope little drop in enegy sector in this quarter

Market R

Market R
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
We need to thank MS for reducing the fule price Razz

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