The biggest beneficiaries would be the hotel sectors as their gas bill would drop significantly. JKH would benefit a lot out of this. The overheads of companies would drop and the profits would increase.
Don't buy LIOC and LGL now. Wait till LIOC comes below 52/= and enter, re-enter or average. There may be another reduction just before the election.
Why does the government always pass the burden of oil price reduction to the oil companies? Instead they should reduce the duties. The government is already taxing over 60/= from a litre of petrol. The government is the highest earner out of oil more than the oil companies and most of this goes as corruption.