From Union Budget to FASTag Rules: What All Changes on February 1, 2026

February begins with several important updates that will affect everyday life. These include the Union Budget presentation, changes in FASTag rules, possible fuel price revisions, and higher prices for tobacco products.

Union Budget 2026 and Stock Market Action

Union Finance Minister Nirmala Sitharaman will present the Union Budget in Parliament on February 1. The Budget is expected to focus more on long-term growth and continuity rather than major policy shocks.

Despite being a Sunday, both NSE and BSE will remain open for trading from 9:15 am to 3:30 pm. The Budget speech at 11 am could lead to sharp market movements.

Cigarettes, Tobacco and Pan Masala To Get Costlier

From February 1, tobacco products and pan masala will become more expensive. The finance ministry has introduced additional excise duties and new cesses on these items, over and above GST.

Cigarettes, chewing tobacco, gutkha and similar products will face higher taxes. However, bidis will continue to be taxed at a lower GST rate.

A new duty calculation method has also been introduced for chewing tobacco and gutkha. Instead of taxing actual production, duty will now be based on the production capacity of packing machines.

LPG, CNG and Aviation Fuel Prices May Change

Oil marketing companies are expected to revise LPG cylinder prices on February 1. Both domestic and commercial LPG rates may see changes.

Commercial LPG prices have been fluctuating in recent months, and any increase could impact restaurants and businesses. Changes in CNG prices may affect daily commuters, while aviation fuel revisions could influence air ticket fares.

Also Read: Union Budget 2026: Traditions, Timings and Interesting Facts You Should Know!

FASTag Rules Simplified For Users

Getting a new FASTag for four-wheelers will become easier from February 1. The National Highways Authority of India has removed the Know Your Vehicle (KYV) process for new FASTag issuances.

Existing FASTag users will also no longer need KYV regularly. It will only be required in special cases such as misuse complaints, wrong tagging, or technical problems.

This move aims to reduce hassle for drivers and ensure smoother toll payments on highways.

Conclusion

February 1 brings multiple policy and price changes that could influence household budgets, travel costs, and market sentiment. From Budget announcements to easier FASTag rules, the day is set to be an important one for both consumers and investors.

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