On the first date of every month, there are many rules in the country, which have a direct impact on the pockets and lifestyle of the general public. Since March 1, 2025, some similar changes have come into force, including LPG cylinder prices, petrol-diesel prices, bank loan interest rates and electric vehicles (EV). In this article, we will discuss these changes in detail.
Key Changes from 1 March 2025 (Overview Table)
| Field of change | main effect |
| LPG cylinder prices | Domestic cylinder price stable, commercial expensive |
| Petrol & Diesel | Possible increase in prices |
| Bank Loan | Changes in interest rates |
| Electric vehicle (EV) | Reduction in subsidy and impact of GST |
| Fixed Deposit (FD) | Amendment of interest rates |
| Insurance premium payment | UPI Payment System Applied |
Changes in LPG cylinder prices
Like every month, on 1 March 2025, oil companies reviewed the prices of LPG cylinders.
- Domestic LPG Cylinder: This time there has been no change in the prices of domestic gas cylinders. This is a relief for the general public.
- Commercial LPG Cylinder: Commercial cylinder prices have been increased. For example:
- The 19 kg commercial cylinder in Delhi is now ₹ 1803, which was earlier ₹ 1797.
- In Mumbai, it has increased from ₹ 1755.50 to ₹ 1760.
Its effect:
Increased price of commercial cylinders can increase spending on services like hotel and restaurant, which can make food and drink expensive.
Petrol and diesel prices
Petrol and diesel prices are also revised every month. However, this time there has been a slight increase in the prices of petrol and diesel.
- If petrol and diesel are expensive, then it has a direct impact on transportation costs, which can also increase the prices of everyday goods.
Impact on bank loan
Banks have revised their interest rates.
- Home Loan and Personal Loan:
- Interest rates have been slightly increased, which can make EMI expensive.
- Car Loan and EV Loan:
- Interest rates have also been increased on loans found on electric vehicles.
Its effect:
Increasing interest rates will make it expensive to take loans, which will affect the budget of the common man.
Big impact on electric vehicle (EV)
The government had already reduced GST to 5% to promote electric vehicles. But now there has been a cut in subsidy, which can make it a little expensive to buy EV.
Impact of GST on EV:
- EV Car: GST is just 5%.
- Petrol/Diesel Car: GST up to 28%.
Subsidy cut:
Earlier EVS used to get more subsidy, but now it has been reduced. For example:
- FY 2024-25 had a two-wheeler and a subsidy ₹ 5000 per KWH on the EVS.
- In fY 2025-26 it has come down to ₹ 2500 per KWH.
Interest rates on fixed deposits (FD)
Banks have revised the interest rates received on FD keeping in mind their liquidity and financial needs.
Main changes:
- Interest rates have been reduced on FD of short term (up to 1 year).
- Interest rates on long periods (5 years or more) are kept stable.
Impact on investors:
Those who invest for short periods will get less returns.
Insurance premium payment from UPI
The UPI based new facility for insurance premium payment has been introduced from 1 March. Now customers can easily pay their premiums.
new feature:
- A technique called UPI-WASB (Application Supported By Block Amount) has been applied.
- With this, policyholders can already block money, which will be cut on time.
Other important changes
- Air Turbine Fuel (ATF): Aerial fuel prices have been amended. This can make air travel expensive.
- Fastag Rules: 70 minutes time is given to improve the blacklisted fastag.
- EPFO Claim Settlement: EPFO has settled record claims in FY 2024-25.
conclusion
These changes, which came into force from 1 March 2025, will affect every person’s life in some form or the other. While the price of domestic LPG cylinder has been given stable on one side, traders have suffered a setback due to the commercial cylinder being expensive. In areas like EVS and Bank Loan, these changes will also see a major impact.
Disclaimer:
This article has been written with the aim of providing information. The information given here is based on real events and government announcements. Please seek expert advice before any economic decision.
