The month of January is winding down, and February will kick off with the annual budget. This month also brings significant adjustments affecting every household and every pocket. From newly announced LPG cylinder prices that will directly influence household budgets to a potential shock for those fond of pan masala and cigarettes, February 1st, 2026, marks the onset of these impactful changes. Let's explore these notable transformations set to take effect...
First Change: LPG Cylinder Prices
Every first day of the month, oil marketing companies revise LPG cylinder prices, with new figures expected on February 1st, 2026. The nation watches closely, hoping for possible amendments in the price of the 14-kilogram gas cylinder. Recently, prices for the 19-kilo commercial LPG cylinder have seen fluctuations, including a deduction of 14.50 rupees on January 1st in Delhi, dropping to 1804 rupees.
Source: aajtak
Second Change: CNG-PNG and ATF Prices
Alongside LPG price changes, oil marketing companies will release revised air turbine fuel prices on February 1st. Any adjustments in ATF prices can significantly impact air travel costs. Last month's rates were slashed, cutting Delhi's ATF price by approximately 7%. Similarly, modifications to CNG-PNG prices are anticipated.
Source: aajtak
Third Change: Increased Taxes on Pan Masala and Cigarettes
The third major revision impacts enthusiasts of pan masala and cigarettes, as these products will face elevated taxes from February 1st, 2026. As reported, an excise and cess will replace GST compensation cess. Notified changes suggest new tariffs on tobacco and pan masala, applied in addition to current GST rates. A health and national security cess will also be imposed, raising their prices.
Source: aajtak
Fourth Change: Updates for FASTag Users
February 1st, 2026 will bring a rule change for FASTag users. NHAI has discontinued the KYC verification process for issuing FASTags to cars, jeeps, and vans from the first of the month, offering significant relief.
Fifth Change: Bank Holidays
The month kicks off with holidays, and those with urgent financial tasks should consult the Bank Holiday List before heading out. According to the Reserve Bank of India, around 10 days of holidays are listed, including weekly breaks and occasions like Chhatrapati Shivaji Maharaj Jayanti.
