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Message: <blockquote data-quote="eranga_rama" data-source="post: 14573838" data-attributes="member: 85571">01. your facts are wrong. The tax is only around 27%.02. Ceypetco + IOC sell diesel at a loss. Because of the stupid belief of SL govt, CBSL and policy makers that the price of the diesel is directly linked to inflation. So they sell diesel at a loss and petrol is highly taxed around 27%. (The Singapore price of refined, petrol and diesel products are around about 102 to 105)Just go through the latest financials in CSE. I really dont think IOC make a massive profit by operating in SL.<a href="http://www.lankabusinessonline.com/fullstory.php?nid=874753417" target="_blank">http://www.lankabusinessonline.com/fullstory.php?nid=874753417</a></blockquote>

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