Major Changes From Feb 1: Here’s What You Must Know

February began with several policy and price changes that were announced and have already come into effect. These changes are set to impact daily life - ranging from FASTag rules and fuel prices to tobacco taxation and stock market operations, making it important for citizen to reassess their household budget and expenses.

Finance Minister Nirmala Sitharaman presented the Union Budget 2026 in Parliament on February 1, outlining tax proposals, pricing measures, and regulatory updates. In the days following the Budget, multiple revisions linked to taxation, fuel pricing, and compliance norms have been notified or implemented.

From removal of additional FASTag KYC requirements to a likely increase in prices of cigarettes, pan masala, and tobacco products due to higher levies, and updates on LPG, CNG, PNG and aviation fuel prices. February 1 marks a significant reset for consumers, investors, and businesses alike.

Understanding this is crucial for planning monthly expenses, travel costs, investments and overall financial decisions.

FASTag Rules

• The National Highways Authority of India (NHAI) has announced a major simplification in FASTag rules.
• Once a FASTag is activated, users will not be required to undergo any additional KYC verification
• The responsibility for verifying vehicle details now lies entirely with the issuing banks

LPG Cylinder prices Update

• Oil companies determined the revised rates for both domestic and commercial cylinders.
• The price of the 19 kg commercial cylinder, which had been fluctuating for months, was adjusted again
• In January 2026, its price had been reduced by ₹14.50.
• The latest revision has now indicated whether kitchen expenses will rise or fall, directly impacting household budgets.

Stock markets

• On February 1, 2026, the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange) remained open during their regular trading hours, from 9:15 am to 3:30 pm
• As expected, the Budget presentation triggered market volatility, with investors reacting sharply to new tax, investment, and policy announcements

CNG, PNG, and Aviation Fuel Prices Update

• Aviation fuel prices reduced nearly 1% for the second consecutive month. while CNG/PNG rate changes were anticipated due to the budget
• Aviation fuel: domestic cost fell by approximately 929.63 per kilolitre, providing relief for air travel.

Pan Masala, Cigarettes, and Tobacco Prices Update

• The prices of pan masala, cigarettes, and tobacco products have become more expensive.
• The government imposed higher taxes on these items, including GST, excise duty, and cess.
• Additional health and national security-related levies were also applied specifically to pan masala.

The changes that took effect on February 1, 2026, have already begun to directly impact the finances, spending, and planning of ordinary citizens. These measures are reshaping how people plan their daily expenses, savings, and investments in the post-Budget landscape.

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