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Proceeds from LIC IPO can come in handy for government to rein in inflation

Stake sale in LIC can help government to limit tax revenue loss if it decides to lower excise duties to keep a check on runaway fuel price rise

February 24, 2022 / 11:55 AM IST
Proceeds from LIC IPO can come in handy for government to rein in inflation

LIC IPO (Representational image)

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

The price of Brent crude oil has touched $100 per barrel amid Russia-Ukraine conflict. The last time crude oil prices touched $100 after a long gap was on February 1, 2011, following which petrol & diesel prices jumped 10-15 percent over the next few months. But this time around, the benchmark Brent crude price has already moved 20 percent, while retail fuel prices have remained broadly unchanged since November’21. With the towering import costs, it is imperative that some of it gets passed...

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