Budget 2026: The country’s Finance Minister Nirmala Sitharaman presented the budget today, February 1, 2026. The budget announced the reduction of CNG and biogas prices.
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Finance Minister Nirmala Sitharaman announced a reduction in the price of CNG and biogas in Budget 2026 to provide relief to the general public. This will result in direct savings in fuel costs for CNG drivers and provide relief to public transport operators.
In fact, Finance Minister Nirmala Sitharaman announced a change in the method of calculating customs duty on biogas-blended CNG in Budget 2026. Consequently, the biogas price will now be discounted when calculating customs duty.
Operating CNG vehicles will become cheaper.
This government decision will reduce the cost of biogas-based fuel, which will directly impact the cost of CNG vehicles and the auto industry. Furthermore, the budget also announced reductions in the cost of EV batteries, making purchasing electric vehicles cheaper than before.
