LANKA IOC PLC (LIOC.N0000)

Sunimal · **351** Re: LANKA IOC PLC (LIOC.N0000) Tue Aug 23, 2022 3:43 am

Sunimal

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Chiranm wrote:

sureshot wrote:

arun.cse wrote:Lioc will trade 250+ very soon

octane 92 or octane 95 ?

🤪🤪🤪

Yes, go for it !

SMTFG · **352** Re: LANKA IOC PLC (LIOC.N0000) Tue Aug 23, 2022 2:21 pm

SMTFG

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Queues are back on Galle Road. This means supply is low. We could probably see new shipments coming in finishing soon due to scarcity. LIOC could easily rally now...

arun.cse · **353** Re: LANKA IOC PLC (LIOC.N0000) Wed Sep 14, 2022 12:15 pm

arun.cse

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Sunimal wrote:

Chiranm wrote:

sureshot wrote:

arun.cse wrote:Lioc will trade 250+ very soon

octane 92 or octane 95 ?

🤪🤪🤪

Yes, go for it !

there is a possibility to trade 400+ within 3 months

sojsilva · **354** Re: LANKA IOC PLC (LIOC.N0000) Wed Aug 02, 2023 2:48 pm

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LANKA IOC PLC (LIOC.N0000) - Page 15 1f608

kasunkumara · **355** Re: LANKA IOC PLC (LIOC.N0000) Thu Aug 03, 2023 3:20 pm

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China’s Sinopec commences fuel distribution in Sri Lanka

China’s Sinopec has commenced discharging its first shipment of fuel to Sri Lanka with a second shipment due to arrive on Thursday August 03, Energy Minister Kanchana Wijesekara said.
The minister tweeted on Tuesday August 01 that the entry of new retail suppliers to the domestic market will ease the forex requirements for petroleum products as the suppliers will bring in products on a 12 month financing facility from their principal investors with no forex requirements from the domestic financial institutes.
“Sinopec will commence retail petroleum operations with 150 fuel stations islandwide once the agreements with the fuel station dealers are signed and finalised,” he said.
Sinopec, China’s state-owned petroleum corporation, is among three foreign players who have signed contracts to enter the Sri Lankan market.

A contract agreement was signed with Sinopec in May to distribute fuel locally through 150 filling stations first to ensure a steady and uninterrupted fuel supply in Sri Lanka.
President Ranil Wickremesinghe’s administration has decided to sell government stakes in seven key state-owned enterprises (SOEs) including loss-making fuel retailer Ceylon Petroleum Corporation (CPC). Restructuring SOEs has been high on the agenda of the Wickremesinghe government as part of its reform plans consequent to finalising an agreement with the International Monetary Fund (IMF) for a 2.9 billion US dollar extended fund facility.
Meanwhile, the government is also said to be planning a price ceiling for fuel.
“Companies can sell at the price of their choice, subject to the maximum limit. There will be competition. If one company reduces the price, and others follow, there will be a big benefit,” State Minister for Energy D V Chanaka said on July 24.
Sri Lanka’s state run Ceylon Petroleum Corporation raised the price of 92 Octane petrol by 20 rupees to 348 rupees, effective from July 30 midnight.

Petrol Octane 95 was also increased by 10 rupees to 375 rupees a litre, while Super Diesel was increased by 12 rupees to 358 rupees per litre. Auto Diesel was reduced by 2 rupees to 306 rupees, while the price of kerosene was reduced by 10 rupees to 226 rupees. (Colombo/Aug02/2023)

Source:
https://economynext.com/chinas-sinopec-commences-fuel-distribution-in-sri-lanka-127177/

kasunkumara · **356** Re: LANKA IOC PLC (LIOC.N0000) Sun Aug 06, 2023 1:41 am

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it is extremely important to consider these facts before entering LIOC.

01).
LIOC trading price at the moment.
(the lowest price in the last year).

02).
demand for fuel in the country.
(at the moment the supply of fuel in the country meets the demand. but will it remain the same in the future?).

03).
arrival of new fuel suppliers.
(fuel companies from china and few other countries will be launching their businesses in the near future. “more competition”).

04).
LIOC’s this year's profit compared to last year.
(a significant decline in profits was observed as a result of depreciation of the US dollar, and restriction of fuel demand in the country using methods like QR code).

05).
what would happen to the US dollar by the end of this year?
(according to financial experts, it is believed that the US dollar has the potential of reaching 370-390 levels by the end of this year. this is beneficial for LIOC).

06).
stability of SL economy.
(it is clear that the current economic stability is on thin ice. if the country's economy becomes unstable like last year, how will it affect the energy sector? when we focus on events of last year, it is clear that the collapse of the economy somehow positively affected the companies in the energy sector. egs: LIOC).

SamJay1974 · **357** Re: LANKA IOC PLC (LIOC.N0000) Tue Aug 08, 2023 12:35 am

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ඕන මගුලක් වෙන්න කියලා 120.00 න් enter වුනා මහත්තයෝ pirat

sojsilva · **358** Re: LANKA IOC PLC (LIOC.N0000) Tue Aug 08, 2023 2:36 pm

sojsilva

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SamJay1974 wrote:ඕන මගුලක් වෙන්න කියලා 120.00 න් enter වුනා මහත්තයෝ

Looks like you entered at the right time. Cheers!!!

kasunkumara · **359** Re: LANKA IOC PLC (LIOC.N0000) Thu Aug 17, 2023 3:58 pm

ASIA PACIFIC: SINOPEC EXPANDING ITS PRESENCE IN SRI LANKA

kasunkumara · **360** Re: LANKA IOC PLC (LIOC.N0000) Mon Aug 21, 2023 10:55 am

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LANKA IOC EXPANDS NETWORK AS TURF WAR WITH SINOPEC LOOMS
Times of INDIA | Aug 20, 2023, 22:24 IST

NEW DELHI: The stage is set for a long-drawn India-China proxy duel in Sri Lanka as Chinese major Sinopec begins retailing automotive fuels in the island nation from next month, challenging the position of Lanka IOC — the wholly-owned arm of Indian state-run giant Indian Oil Corporation.

Lanka IOC has responded by mobilizing expansion of its retail network and has floated EoIs for adding 30 new petrol pumps to its existing network of 250 outlets over the coming months.

Lanka IOC entered Sri Lanka in 2003 and cornered 16% of petrol and diesel sales as well as 35% of lubricants, bitumen and bunkering (marine fuel) last year in a duopoly with CYPETCO.

Sinopec is the first of the three companies, chosen by Colombo through the EoI (expression of interest) route, to set up operations. Australia's United Petroleum and US company RM Parks — with Shell — were the other two.

Under Colombo’s liberalization policy, Sinopec will get control of 150 of the 1,200 retail outlets operated by Sri Lanka’s national oil company CYPETCO (Ceylon Petroleum Corporation) for 20 years. Another 150 will go to RM Parks, seen taking 3-4 months to begin operation, while United Petroleum’s plans remain unclear.

Sinopec is also one of the two companies — the other being Vitol — shortlisted by Colombo for a proposed $4 billion refinery at Hambantota, where a deep-water port has been given to China on a 99-year lease — something that still rankles in India from time to time.

A refinery, people in the know said, could give Sinopec an edge against Lanka IOC, which imports products from the parent’s refineries as Sri Lanka has a small refining capacity. Sinopec can price out Lanka IOC, especially under the new regime wherein Colombo prescribes the ‘maximum selling price’.

The move to open up the market, the people cited above said, was prompted by the fact that during last year’s economic crisis, when Colombo ran out of foreign exchange for importing fuel, Lanka IOC was the only company maintaining supply in the June-July period. India had then extended a $3 billion credit line for fuel, food and other essentials. Seeing the possibility, Colombo in March decided to open up the market with a view to “easing the burden” on the exchequer.

Source:
https://timesofindia.indiatimes.com/business/india-business/lanka-ioc-expands-network-as-turf-war-with-sinopec-looms/articleshow/102880071.cms?from=mdr

sojsilva · **361** Re: LANKA IOC PLC (LIOC.N0000) Tue Aug 22, 2023 2:59 pm

sojsilva

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LIOC might go all the way down to Rs. 80/- (or even further down)
It's high time to dump this.
The current environment is not healthy for LIOC at all, and that's the truth (more competition, fewer profits, market sentiment towards financial companies, banks, hotels etc., etc.)

kasunkumara · **362** Re: LANKA IOC PLC (LIOC.N0000) Fri Sep 01, 2023 6:54 pm

kasunkumara

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sojsilva wrote:LIOC might go all the way down to Rs. 80/- (or even further down)
It's high time to dump this.
The current environment is not healthy for LIOC at all, and that's the truth (more competition, fewer profits, market sentiment towards financial companies, banks, hotels etc., etc.)

disagree.

apparently lioc just started going up. coming monday and tuesday will give us a better understanding about lioc's direction.

QR code will not be used from now on, and that means more sales for cpc, lioc, and the new company sinopec.

kasunkumara · **363** Re: LANKA IOC PLC (LIOC.N0000) Fri Sep 01, 2023 6:55 pm

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No more QR code for Fuel
September 1, 2023 at 12:41 PM

The QR-based system to pump fuel will be discontinued with effect from Friday (1), Minister of Power & Energy Kanchana Wijesekara announced.

“People can purchase fuel without producing a QR code from today” Power and Energy Minister Kanchana Wijesekara said.

Source:
https://www.newswire.lk/2023/09/01/no-more-qr-code-for-fuel/