Union Budget 2026: What is expected to get cheaper and costlier from February 1? Check list

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Union Budget 2026: With just a few days left before Finance  Minister Nirmala Sitharaman presents the Union Budget 2026 in the Parliament, expectations of people are rising across the country. Indian households are closely eyeing relief in the monthly expenses, with the middle-class looking for essential items to get cheaper. From tax savings to affordable basic necessities, the Budget is at the centre of the debate.

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Cigarettes: The cost of cigarettes will get more costly from February as the prices are expected to jump after the Centre imposes an additional excise duty under the new tax regime. The finance ministry had recently introduced the duty from Rs 2,050 to Rs 8,500 per 1,000 cigarette sticks, depending on their length. This rise in price is likely to come on top of the 40% GST set to be levied on tobacco products next month.

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Mobile Phone Components: According to reports, duty exemptions on a total of 28 items used in phone battery manufacturing will lead to a decline in prices for mobiles and accessories. (Image Credits: Pexels)

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LED/LCD TVs: A decrease in duties is expected in the upcoming budget 2026 making TVs and other electronic items more affordable. (Image Credits: Pexels)

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Medical equipment and life-saving drugs: Various medical devices and life-saving drugs are expected to benefit from reduced duties. (Image Credits: Pexels)

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Petrol and diesel prices: Common man's expectations may be shattered as petrol and diesel prices are expected to remain high. (Image Credits: Pexels)

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Fertilisers: There is a high possibility that subsidies on agricultural items, including fertilisers, could be cut down, making them more costly. (Image Credits: Pexels)

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For job seekers and small business owners, the Union Budget 2026 is expected to grant MSMEs easier loans to help in growth and the generation of new job opportunities. (Image Credits: Pexels)

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Knitted Fabrics: An increase in duties for knitted fabrics is expected to lead to higher costs.