As January draws to a close, the country is moving towards a new month and new rules. Several changes are set to be implemented from February 1, 2026, which will have a clear impact on the common man’s pocket, travel, and daily expenses. Significantly, the Union Budget is also scheduled to be presented on the same day, further increasing public anticipation regarding these changes.
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Potential Changes in LPG Cylinder Prices
Every month, on the first day, oil marketing companies review the prices of LPG cylinders. New prices for domestic and commercial LPG cylinders will also be released on February 1, 2026. The prices of 14 kg domestic cylinders have remained stable for a long time, while the prices of 19 kg commercial cylinders have seen continuous fluctuations. In early January, commercial cylinders became cheaper in Delhi. Therefore, it is expected that domestic consumers may also receive either relief or a price hike this time.
Focus on CNG, PNG, and ATF Prices
Along with LPG, new prices for Air Turbine Fuel (ATF) will also be announced on February 1st. Changes in ATF prices directly affect air ticket prices. In January, ATF prices decreased, providing relief to airlines. In addition, revisions in the prices of CNG and PNG used in cities are also possible, which will affect both vehicle owners and domestic consumers.
Pan Masala and Cigarettes May Become More Expensive
From February 1st, consumers of tobacco products and pan masala may face a major setback. According to reports, the government is going to impose a new excise duty and cess on these products in addition to GST. This additional tax, levied in the name of health and national security, is expected to increase the prices of pan masala and cigarettes. The objective is to discourage consumption and increase revenue.
Relief for FASTag Users
The beginning of the new month brings good news for FASTag users. From February 1, 2026, the mandatory KYC verification for issuing FASTags for cars, jeeps, and vans has been discontinued. This will make it easier to obtain new FASTags and relieve people from the lengthy process.
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Check the list of holidays before visiting the bank in February
The month of February begins with a bank holiday. According to the list released by the RBI, banks will be closed for approximately 10 days this month, including weekly holidays and festivals. There will also be holidays on occasions like Chhatrapati Shivaji Maharaj Jayanti. Therefore, if you have any urgent bank-related work, it would be wise to check the list of holidays beforehand.