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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Breaking News > Price of petrol & diesel reduced

Breaking News > Price of petrol & diesel reduced

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joel92

joel92
Stock Analytic
Stock Analytic
Breaking News > Price of petrol & diesel reduced by Rs 7 per litre from midnight today

SHARK aka TAH

SHARK aka TAH
Expert
Expert
@joel92 wrote:Breaking News > Price of petrol & diesel reduced by Rs 7 per litre from midnight today
7 & 5 Rs. respectively

kumarweerarathne

kumarweerarathne
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@SHARK aka TAH wrote:
@joel92 wrote:Breaking News > Price of petrol & diesel reduced by Rs 7 per litre from midnight today
7 & 5 Rs. respectively

no shark both reduced by 7/-, Kerosene by 5/- . not by big amount aah Very Happy

SHARK aka TAH

SHARK aka TAH
Expert
Expert
But come Monday... Retailers will panic ... thats the problem, also its normal to be newsdriven to certain extent.

kumarweerarathne

kumarweerarathne
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
yes it will , hoping to buy @ 52-53 levels. lets see.

SHARK aka TAH

SHARK aka TAH
Expert
Expert
CBSL saying dont reduce petrol and it will lead to deflation. But MaRa playing political game. pity state of affairs.

we cant discount another reduction closer to election.

once Maithri in power they will reduce further....

so some uncertainty ...better to wait and watch for new entry levels

THILANGAF


Manager - Equity Analytics
Manager - Equity Analytics
Very Good decision by government much expecting move from the people .
reduction by 7/- will not  harm LIOC

kumarweerarathne

kumarweerarathne
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
but as shark said , possibility for another reduction b4 the election if oils falls further. & wht will do MY3 .. Very Happy

RPPA


Expert
Expert
Nothing extraordinary in this news. That is why LIOC dropped to 56.50 today. Cool

But as usual our sri lankans are famous for getting panic situation.LIOC more selling possible on Monday. Wink

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
favourable for the economy

SHARK aka TAH

SHARK aka TAH
Expert
Expert
unless CPC takes measure to reduce waste and corruption, we will bear the burden of upkeeping white elephants.....

ministers and connected officials will be rich, with kickbacks and various santhosams Very Happy

THILANGAF


Manager - Equity Analytics
Manager - Equity Analytics
I am ready for collection on Monday...

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Oil price reduced good for the economy then market go up cheers

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Price reduction is not a surprise at all. May be another cut just before the election. In fact, market price of oil should have been reduced since oil price slump starts. In contrary, it is said that the advantage has been used to offset accumulated losses of corporation carried forward from previous years. At least, it is a good news if it is being done so. Also, if poor management in all segments of corporation still continues benefit from global oil price will be lost.
Companies involved with high volume of transportation activities, use of heavy equipments powered by fuel, being core business would be massively benefited by increasing profitability.

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Not enough reduction i think before election Government again going to cheat the voters after the election they will not consider the peoples things they will do what they want only Election time this will happen

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