RPPA wrote:SM2014 wrote:RPPA wrote:buddhika.naween wrote:RAAP wt do you think ..will they reduce the oil price again before the election...I think wait until mid of December to collect LIOC.
Yes. maybe they will. The current price reduction effect on LIOC will be minimal for the 3rd qtr.
How this price reduction effects the revenue and profit? If it is done through reduced tax on cif value, then it will lead to increase revenue. Can some pls explain the way in which it will effect?
All other things are in material. The key ration is net GP margin (including the tax adjustment). If the GP margin is maintained. I can't see any issue.
Though people has expected a major fall. There is no such thing. Some expected to buy @ 50/-.