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On the first day of each month, various changes take place across India. As January comes to a close, February 1 marks the beginning of several important updates. Notably, the national budget for the fiscal year 2026-27 will be unveiled on this date, alongside other significant changes that will directly impact your finances. This year, several regulations are being modified, which will affect the daily lives of citizens. Let's delve into what changes are expected starting February 1.

Potential Changes in LPG Cylinder Prices

Every month, oil marketing companies announce new rates for LPG cylinders on the first. On February 1, 2026, fresh pricing for both domestic and commercial cylinders will be revealed. Recently, the price of the 19 kg commercial cylinder has fluctuated significantly, with a reduction of ₹14.50 in January. It remains to be seen if there will be any relief for domestic cylinders in February, as this directly affects household budgets.

Adjustments in CNG, PNG, and ATF Prices

In addition to LPG, the prices of CNG, PNG, and Air Turbine Fuel (ATF) may also see changes starting February 1. Any increase or decrease in CNG and PNG prices will impact vehicle owners. Furthermore, if ATF prices rise, it could lead to fluctuations in flight fares.

Increased Costs for Pan Masala, Cigarettes, and Tobacco

For consumers of pan masala, cigarettes, and tobacco products, February may bring higher expenses. Reports suggest that taxes on these items could be raised starting February 1, separate from GST. This tax hike will likely lead to increased prices, making these products more expensive to purchase.

Good News for FASTag Users

For vehicle owners, there is some relief regarding FASTag usage starting February 1. Following a new decision by the NHAI, individuals will no longer need to undergo separate KYC processes for FASTag issuance for cars, jeeps, and vans. Banks will now be responsible for ensuring all necessary tests related to the vehicle are completed before issuing the tag. Existing FASTag users will not need to undergo repeated verifications.

Banking Operations to Consider

In February, several banks will observe holidays. In addition to regular weekends, there may be specific days when banks are closed. Therefore, if you have any urgent banking tasks, it is advisable to check the holiday schedule beforehand.