FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» BROWNS INVESTMENTS PLC (BIL.N0000)
by MoneyLover Today at 7:16 pm

» What is "Introductions" in Upcoming listing in CSE?
by Nandun Today at 1:46 pm

» Glove stocks fall after Top Glove posts weaker 4Q results
by ResearchMan Today at 1:37 pm

» KOTAGALA PLANTATION
by stockchaser Today at 8:03 am

» The stock market can be a great place to make money; it can also be a great place to lose money. Stock market for beginners
by Economatta Today at 6:16 am

» LOFC AND CLC Target Price??
by Captain Yesterday at 9:17 pm

» Top Foreign Trading today
by SAGA Yesterday at 6:32 pm

» Top crossings today
by SAGA Yesterday at 5:01 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by Sunimal Yesterday at 12:52 pm

» Amana Takaful ATL & ATLL
by kanishkaecomm Yesterday at 12:17 pm

» Best Time to Collect Cic X
by Value Pick Yesterday at 8:15 am

» Why is First Capital Holdings being dumped?
by Berryfund Yesterday at 6:29 am

» AGST can move
by Zayden River Thu Sep 16, 2021 11:58 pm

» COMMERCIAL CREDIT AND FINANCE PLC (COCR.N0000)
by newone Thu Sep 16, 2021 11:57 pm

» AGSTAR PLC (AGST.N0000)
by Zayden River Thu Sep 16, 2021 11:57 pm

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by Bakkabwoi Thu Sep 16, 2021 8:10 pm

» Twitter accounts related to the stock market
by Bakkabwoi Thu Sep 16, 2021 8:09 pm

» TOKYO CEMENT COMPANY (LANKA) PLC
by xhunter Thu Sep 16, 2021 7:55 pm

» LOFC LOFC LOFC
by madukp Thu Sep 16, 2021 6:49 pm

» How Equity Emerged the Top Asset Class During a Pandemic
by samaritan Thu Sep 16, 2021 6:30 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » LIOC DEALERS URGE MINISTRY TO INCREASE CPC FUEL PRICES EQUALL

LIOC DEALERS URGE MINISTRY TO INCREASE CPC FUEL PRICES EQUALL

Go down  Message [Page 1 of 1]

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
LIOC DEALERS URGE MINISTRY TO INCREASE CPC FUEL PRICES EQUALL

25 Jan 2019

The dealers of the Lanka Indian Oil Cooperation (LIOC) yesterday requested the Ministry of Petroleum Resources Development to increase the Ceylon Petroleum Corporation (CPC) fuel prices to the same price level of the fuel sold by the IOC.

The Ministry said that a special meeting was held between the IOC dealers and Deputy Minister Anoma Gamage at the ministry yesterday.

The filling station owners informed the deputy minister that due to the higher fuel prices at fuel stations, the IOC is incurring huge losses and that their sales had decreased by 75%. They also said consumers regularly accuse them of selling fuel for higher prices than that of the CPC.

Currently, the LIOC is selling a litre of 92 Octane petrol for Rs.131 and petrol 95 Octane for Rs. 150 per litre, which is Rs.8 and Rs. 3 respectively higher than the selling prices of the CEYPETCO.

During the meeting, it was revealed that at least 400 employees are working under more than 200 LIOC dealers. The dealers proposed the deputy minister to sell the fuel at the same prices in each fuel station after regulating the fuel prices through the Consumer Affairs Authority.

In addition to their proposals, they requested to name the petrol and diesel as essential commodities and also to protect the consumers’ rights by bringing the LIOC under the supervision of the Petroleum Ministry.

The Deputy Minister told the dealers that she would discuss the matter with the LIOC management and also with the Treasury.

The filling station owners informed the deputy minister that due to the higher fuel prices at fuel stations, the IOC is incurring huge losses and that their sales had decreased by 75%

https://www.pressreader.com/sri-lank...81767040432631

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
IOC Sri Lanka unit December quarter loss widens to Rs987mn

Jan 28, 2019 


Losses at Indian Oil Corporation’s Sri Lankan unit widened sharply to 987 million rupees in the December 2018 quarter from a year ago, interim accounts filed with the stock exchange showed.

Quarterly sales of Lanka Indian Oil Corporation (LIOC) rose 4.5 percent to 23 billion rupees while cost of sales rose 5.7 percent to 23 billion rupees, during the period.

LIOC lost 1.85 rupees per share in the December 2018 quarter compared with a loss of 64 cents per share a year ago.

LIOC’s share was trading at 21.50 rupees Monday morning, down 1.50 rupees or 6.5 percent from last week.

In the nine months to 31 December 2018, LIOC’s loss per share fell to one rupee from 1.22 rupees the year before with net loss down to 533 million rupees from 652 million rupees. 

The December quarter accounts showed LIOC’s was carrying stock worth 10.5 billion rupees, down from 18.8 billion rupees in the September 2018 quarter. 

https://economynext.com/IOC_Sri_Lanka_unit_December_quarter_loss_widens_to_Rs987mn-3-13265-3.html

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum