Govt revenue should be soaring

jayathu · 1 Govt revenue should be soaring Sat Jan 16, 2016 11:03 pm

jayathu

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Importing total cost of oil per ltr is at 27bucks right nw at current world market price. 80-100 bucks margin from petrol n diesel per liter

samaritan · 2 Re: Govt revenue should be soaring Sun Jan 17, 2016 12:13 pm

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Yes, Oil price crashing is beneficial to sri Lanka.

jayathu · 3 Re: Govt revenue should be soaring Sun Jan 17, 2016 12:17 pm

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Current govt is running on this revenue. There other revenue lines are plummeting but petroleum margin is soaring. No wonder RAVI is avoiding/delaying implementing the fuel price formula.

http://www.sundayobserver.lk/2016/01/17/new05.asp

VALUEPICK · 4 Re: Govt revenue should be soaring Sun Jan 17, 2016 12:34 pm

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Lower oil is boosting world economy. Oil importers are top winners.

jayathu · 5 Re: Govt revenue should be soaring Sun Jan 17, 2016 12:37 pm

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Lower oil is not boosting world economy in my point view. Amercian russian n Middle East countries are struggling due to lower revenue from oil exporting. There unrest is trickling down to panic situation for developing countries like us also.

VALUEPICK · 6 Re: Govt revenue should be soaring Sun Jan 17, 2016 12:49 pm

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Oil producers will struggle. But oil importing countries, air travelers, global consumers and many industries such as airlines, auto and other manufacturing companies will benefit lot. Global consumers will spend more on other items and they will create demand for those things. Generally it is stimulating their domestic economy worldwide.