LIOC - CUTS DOWN FUEL DISTRIBUTION

samaritan · 1 LIOC - CUTS DOWN FUEL DISTRIBUTION Fri Jun 05, 2015 10:44 am

samaritan

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Following fuel price reduction & resulting losses, LIOC has decided to reduce fuel distribution by 50%.

Teller · 2 Re: LIOC - CUTS DOWN FUEL DISTRIBUTION Fri Jun 05, 2015 11:35 am

Teller

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Thats a good decision rather than selling at a loss. More sales means more losses. How will they effect rupee depreciation? this the time to think for that too. How ever petrolium corporation will hit worsely. On the other side sri lanka has billions of debt in US dollars. Rupee depreciation means more rupee to pay...CONFUSED...:-(

venura · 3 Re: LIOC - CUTS DOWN FUEL DISTRIBUTION Fri Jun 05, 2015 2:00 pm

venura

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some were predicting this share to go to 80-100 range. only few identified the possibility of a price cut targeting the election. samething happend to cfvf n esl.
Guys we have to be very careful when selecting shares.