These rules related to FASTag, cigarettes, and tobacco will change from 1st February
From Feb 1: New Rules for FASTag, Cigarettes, and Tobacco Come into Effect: Several rules are set to change from Sunday, February 1, which will directly impact the common man’s finances. These changes are related to LPG, CNG, PNG, ATF, FASTag, cigarettes, tobacco products, and other everyday services.
Oil marketing companies review LPG cylinder prices on the first day of every month. As a result, the prices of 14.2 kg domestic LPG cylinders and 19 kg commercial cylinders may increase or decrease from February 1. Along with LPG, the prices of CNG, PNG, and aviation turbine fuel (ATF) are also revised monthly, which could affect transport costs and household gas bills.
A major relief for vehicle owners is related to FASTag. From February 1, the KYC requirement for FASTag will be removed. Banks issuing FASTags will now carry out all necessary checks before issuing them, making the process simpler for users.
On the other hand, cigarettes, tobacco, and other tobacco products are set to become costlier. The government will implement a new tax by increasing excise duty and cess, separate from GST. This hike is expected to raise prices of cigarettes, pan masala, and other tobacco products across the country.
Overall, these changes may increase household expenses while also bringing some ease in services like FASTag.
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