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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » PRICE FORMULA & STABILITY OF PETROLIUM SECTOR IN SRI LANKA.

PRICE FORMULA & STABILITY OF PETROLIUM SECTOR IN SRI LANKA.

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nuwan85


Stock Analytic
Stock Analytic

Goverment of Sri Lanka has decided ti impliment price formula for Petrol & Diesel very soon. With the finalisationof Admin Matters same will be implimented. under the formula, Guranteed profit Marging has been added to both catogory of products but no detail available on the percentage of profit. This will help to establish stable petrolium industry in sri lanka.

With impliomentation of formula both Big players in sri lanka will be under profit no situation will make loss. Specially goverments commitment to IMF, no commercial entity can run at a loss in long time. So CPC has to be converted to profit making ventur.

With the volume, what i feel both organisations will record high profit in comming quarters. Specially if this price contuinues another few weeks definitly this Q4 will be a amasing for LIOC. Even theire Q3 forcat also they revised to profit in very resently.

 With the current low cruider oil price, company;s input cost should have gone down hevilky. But duer to long stock holding period it takes time to reflect the low input cost. Comming future is very clear for the company. No where will make loss. Wold market price increase and sri lankan duty incresed covered by the selling price adjustments. Price will be adjusted periodically.

samaritan


Moderator
Moderator

Crude oil price is expected to reach $20 per barrel, being the lowest in 12 years.

Good news for LIOC.

http://www.reuters.com/article/us-global-oil-idUSKCN0UP01P20160111

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