Fuel price - where it can reach next?

I think the GOVT will have to increase both patrol and diesel to cover up the loss of losing hedging deal ($200M USD), and not to be outdone by CPC’s loses due to mismanagement.

After the decent drop we saw in crude oil last 2 months which a concession has not been granted to the consumer, CPC might’ve also covered some of their losses. Now with steady increase of crude oil prices in world market and thanks to the rupee devaluation (dollar rate increased around 17-19%) GOVT cannot hold this for a long time IMO...

So they should start this after the provincial council election.

Guys will a price hike on the cards???

Covering the losses will result in another downturn. Our officals inefficiencies is the route courses of all these problems we face today. If we can overcome a 30 year terrorism problem where no other country has done why cant we overcome these simple issues where all other countries can handle

Increasing fuel price trigger higher wage demands, local products becomming uncompetitive in the world market , while imports will look cheaper, widening BOP, then higher interest rates and depreciating rupee..ect ect

@smallville: I think you are correct. However, another increase might be too unbearable for the people. Also, isn't there some sort of an election coming up? in that case, we can safely delay the increase to a couple of months after the election...

@Hawkeye: In my humble opinion, the current government did a fantastic job at defeating the terrorists. While they also seem to have done a good job with improving the country's infrastructure, in general they have failed in handling the economy & education... I think it ultimately boils down to the fact who is good at what... the current government is good at handling the war and also the international pressure. But the economy / development / management of education are better left to people who knows how to run them (you know what I mean). While the global economic conditions have not been in favor of the current government either, stuff like law-less-ness and appointing incompetent people to handle education / economy are clear mistakes of the government. In general there's no point in talking about this stuff, it only sparks unrelated debate and there's nothing we can do about these issues either....

Hey, may be we should start a separate forum for debating about SL politics... (with a separate domain like politics.lk). Debating over political issues is a very very hot topic among Sri Lankans... we could earn a lot of advertising money...

Cheers!

"In my humble opinion, the current government did a fantastic job at defeating the terrorists. While they also seem to have done a good job with improving the country's infrastructure, in general they have failed in handling the economy & education... I think it ultimately boils down to the fact who is good at what... the current government is good at handling the war and also the international pressure. But the economy / development / management of education are better left to people who knows how to run them (you know what I mean). While the global economic conditions have not been in favor of the current government either, stuff like law-less-ness and appointing incompetent people to handle education / economy are clear mistakes of the government. In general there's no point in talking about this stuff, it only sparks unrelated debate and there's nothing we can do about these issues either...."

Fantastic Anubis. We share common idea here.

anubis wrote:In my humble opinion, the current government did a fantastic job at defeating the terrorists. While they also seem to have done a good job with improving the country's infrastructure, in general they have failed in handling the economy & education... I think it ultimately boils down to the fact who is good at what... the current government is good at handling the war and also the international pressure. But the economy / development / management of education are better left to people who knows how to run them (you know what I mean). While the global economic conditions have not been in favor of the current government either, stuff like law-less-ness and appointing incompetent people to handle education / economy are clear mistakes of the government. In general there's no point in talking about this stuff, it only sparks unrelated debate and there's nothing we can do about these issues either....

I do agree with you.HE has failed to appoint a proper team for those failed job.The people who surrounds HE now are not real patriotics they are opportunistic patriotics.

"who is good at what"
"failed to appoint a proper team"
"appointing incompetent people to handle education / economy"

If your country needs to be better first thing you have to understand is,
"You country is already is run by the best qualified and educated people you already have. There's nothing better available."

After some years people will get fed up with mahinda and then vote whoever is in the opposition then, sajith, sarath or scarecrow, like chandrika came to power (I cut the political names on request) and people will think that was the problem, this one will fix it. But that's the only difference. The rest the judges, custom officers, economists, stock market analysts, brokers, farmers, doctors, lawyers, engineers are the same educated and qualified people coming from the universities. Even the ministers are the same whether it be green, red, or blue. Who are you gonna replace them with better people? Martians? Americans?

People always think current situation is bad. It was great those days. Or it will be better with those people. They think the issue is proper people are not in the right position. But you have to understand the the best people are on the job already and the that's the best they can do.

Just imagine who do you think will do better job than that one, this one?

@aj: While I strongly disagree with your views, I appreciate your contribution. Sorry I can't debate with you on this matter as I have already expressed my views elsewhere.

Somehow we may have offended illuminati and he seems to have "given up" on the forum. I'm not saying he was correct or wrong. But in any case, I expect you won't quit on the forum simply because people disagree with your views...

A healthy dose of antagonistic views are a must IMHO.

Cheers!

Could I make a humble request?

Please avoid bringing politics into this forum. I guess we lost another important member of this forum, about 3 months ago, due to this hot topic "Politics".

Cheers.

[quote="Deva"]I guess we lost another important member of this forum, about 3 months ago./quote]

Hi Deva,
Who was the member?
Thanks.

aj wrote:

Deva wrote:I guess we lost another important member of this forum, about 3 months ago
Cheers.

Hi Deva,
Who was the member?
Thanks.

As he/she is not an active member, I will avoid naming him/her.
I will message you.

Dear aj ,

Can you please tell this forum how far u hv contributed to sri lanka up to now Ur profession or wt ever. I feel u hv done a tremendous job to sri lanka and frustrated with others.

Plz reply.

Since independence all sl governments had/have been lacking proactive senior ministers. It does not matter who is in power (UNP/PA). We always had/have a good bunch of inactive cabinet ministers.

Any ruler cannot check every single action in all ministries.

When selecting the cabinet ministry posts, all the past/present governments mainly consider the seniority of their parliament ministers and did not care to notice how efficient them in their early ministries.

CPC saga is a clear evidence to prove my point. We are having so many laid back & “pathola” senior ministers in current cabinet. They will always have reasons for anything.

Sadly that trend will continue in years to come. As I said it does not matter party.

This time. I hope fuel prices will not be increased for a while ( at least another 6 months?)

Deva wrote:

aj wrote:

Deva wrote:I guess we lost another important member of this forum, about 3 months ago
Cheers.

Hi Deva,
Who was the member?
Thanks.

As he/she is not an active member, I will avoid naming him/her.
I will message you.

Are you sure he/she is not in the forum now Deva ;-) ? I might be mistaken. If so let me know whom you have in mind via a PM.

slstock wrote:

Deva wrote:

aj wrote:

Deva wrote:I guess we lost another important member of this forum, about 3 months ago
Cheers.

Hi Deva,
Who was the member?
Thanks.

As he/she is not an active member, I will avoid naming him/her.
I will message you.

Are you sure he/she is not in the forum now Deva ;-) ? I might be mistaken. If so let me know whom you have in mind via a PM.

Well the fact is some long lost members have come back with new names and still trying the old things

smallville wrote:

slstock wrote:

Deva wrote:

aj wrote:

Deva wrote:I guess we lost another important member of this forum, about 3 months ago
Cheers.

Hi Deva,
Who was the member?
Thanks.

As he/she is not an active member, I will avoid naming him/her.
I will message you.

Are you sure he/she is not in the forum now Deva ;-) ? I might be mistaken. If so let me know whom you have in mind via a PM.

Well the fact is some long lost members have come back with new names and still trying the old things

Spot it. Well done.

smallville wrote:

slstock wrote:

Deva wrote:

aj wrote:

Deva wrote:I guess we lost another important member of this forum, about 3 months ago
Cheers.

Hi Deva,
Who was the member?
Thanks.

As he/she is not an active member, I will avoid naming him/her.
I will message you.

Are you sure he/she is not in the forum now Deva ;-) ? I might be mistaken. If so let me know whom you have in mind via a PM.

Well the fact is some long lost members have come back with new names and still trying the old things

Yes of course and as an addition to ur statement I like to say this "some people still can not improve some skills such as adminstrative,moderation,capability to advice...."

Whitebull wrote:

smallville wrote:

Well the fact is some long lost members have come back with new names and still trying the old things

Yes of course and as an addition to ur statement I like to say this "some people still can not improve some skills such as adminstrative,moderation,capability to advice...."

I believe "In order to be a good member of the society, the individual must respect and obey the rules of their community and also share their values."
But an investment forum's responsibility and existence is not for the above purpose..

In general.. If a person is referred to the admins by multiple member as a "pain" then we gotta find it out..
my perception could be wrong, SLS's perception could be wrong, but if a crowd says "SoandSo" is a naggin character, there should be something...

My opinion on Advice;
Advise should only be given to the people who could listen and understand it.. I mean, who got some morals to care for others' views as well rather than pin pointing his/her view is the best..

Some pll keep nagging abt "this should be like this, that should like that, No I must answer them like this, why u want me to say this n that?? and so forth.." That attitude is good for Governmental institutes which are headed by autocratic leaders or for selfish businessmen..

Personally, I've advised ppl who are not worthy of such and had paid the price too.. So I learnt from my mistakes..

We're happy when some ppl leave us as they leave us for good..

Alas.. They come back..

I still wonder; why these guys leave the forum and still cannot resist answering some posts and making them controversial posts thereafter..

Just a general view and no offense to anyone..

smallville wrote:

Whitebull wrote:

smallville wrote:

Well the fact is some long lost members have come back with new names and still trying the old things

Yes of course and as an addition to ur statement I like to say this "some people still can not improve some skills such as adminstrative,moderation,capability to advice...."

I believe "In order to be a good member of the society, the individual must respect and obey the rules of their community and also share their values."
But an investment forum's responsibility and existence is not for the above purpose..

In general.. If a person is referred to the admins by multiple member as a "pain" then we gotta find it out..
my perception could be wrong, SLS's perception could be wrong, but if a crowd says "SoandSo" is a naggin character, there should be something...

My opinion on Advice;
Advise should only be given to the people who could listen and understand it.. I mean, who got some morals to care for others' views as well rather than pin pointing his/her view is the best..

Some pll keep nagging abt "this should be like this, that should like that, No I must answer them like this, why u want me to say this n that?? and so forth.." That attitude is good for Governmental institutes which are headed by autocratic leaders or for selfish businessmen..

Personally, I've advised ppl who are not worthy of such and had paid the price too.. So I learnt from my mistakes..

We're happy when some ppl leave us as they leave us for good..

Alas.. They come back..

I still wonder; why these guys leave the forum and still cannot resist answering some posts and making them controversial posts thereafter..

Just a general view and no offense to anyone..

IMO before giving advice to others to be so and so that advicer should follow those advices.Otherwise it is called VADI BANA isn't it ? In addition to that when that advicer is at a higher rank like an adminstrator or a moderator then it is the worst case scenario and it will difinitely reduce the repuation of that blog or website.

I do not target anyone and this is my general view for sake of all of us.