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Oil prices and LIOC profitability Vote_lcap68%Oil prices and LIOC profitability Vote_rcap 68% [ 178 ]
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FINANCIAL CHRONICLE™ » FUN CHRONICLE™ » Oil prices and LIOC profitability

Oil prices and LIOC profitability

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1Oil prices and LIOC profitability Empty Oil prices and LIOC profitability Mon Jan 12, 2015 9:45 am

Hawk Eye

Hawk Eye
Expert
Expert

After election the talk is fuel prices will be reduced therefore the profitability of the oil companies should come down. We only consider LIOC is going to make losses according to the reduction. But dont forget CPC. They also just recovering from the losses no hedging deal and other management inefficiencies.

By just reducing prices new government will not send CPC at loss.

They will reduce the unnecessary and burdening taxes. The taxes that are affecting the selling pries are

Duty -Rs.25
Harbour levey- Rs.12
VAT- 5%
Public Admin Levy - 3%
Provincial council Tax -1%

In my view LIOC will maintain its profitability. Please share your thoughts and infos

HE

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