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Badenoch in pledge to ‘get all our oil and gas out of the North Sea’

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Badenoch in pledge to ‘get all our oil and gas out of the North Sea’



Kemi Badenoch has committed the Tories to extract as much oil and gas as possible from the North Sea.

The Conservative Party leader said it was “absurd” to leave the fossil fuel resources untapped.

But the Government said issuing new licences for oil and gas exploration would “not take a penny off bills” and would accelerate the “worsening climate crisis”.

A Conservative government would make “maximising extraction” its goal if it wins power, rather than measures aimed at shifting the North Sea industry away from fossil fuels.

Mrs Badenoch will use a speech in Aberdeen on Tuesday to set out her plans.

She will announce that the Tories plan to completely overhaul the North Sea Transition Authority (NSTA), which oversees the issuing of licences, dropping the word transition and giving it a simple order to extract the maximum possible amount of fossil fuels.

Ahead of her speech, Mrs Badenoch pledged that “we are going to get all our oil and gas out of the North Sea”.

She said: “We are in the absurd situation where our country is leaving vital resources untapped while neighbours such as Norway extract them from the same seabed.

“With the ONS (Office for National Statistics) confirming that economic growth is down partly because of falling oil and gas extraction, we cannot afford not to be doing everything to get hydrocarbons out the ground.

“Britain has already decarbonised more than every other major economy since 1990, yet we face some of the highest energy prices in the developed world.

“This is not sustainable and it cannot continue. That is why I am calling time on this unilateral act of economic disarmament and Labour’s impossible ideology of net zero by 2050.

“Russia’s war in Ukraine has only underscored that our energy supplies are a matter of national security.”

A Department for Energy Security and Net Zero spokesman said: “We are already delivering a fair and orderly transition in the North Sea to drive growth and secure skilled jobs for future generations, with the biggest ever investment in offshore wind and three first of a kind carbon capture and storage clusters.

“We are committed to delivering the manifesto commitment to not issue new licences to explore new fields because they will not take a penny off bills, cannot make us energy secure, and will only accelerate the worsening climate crisis.”

A Labour Party spokeswoman said: “We’ll take no lectures from Kemi Badenoch. Every family and business paid the price of the Conservatives’ failure to secure the UK’s energy.

“The Conservatives oversaw thousands of lost jobs in the North Sea. In contrast, this Labour Government is investing in the North Sea’s clean energy future, creating good jobs in offshore wind, hydrogen and carbon capture and storage, as we take back control of our energy for good.”

Offshore Energies UK chief executive David Whitehouse said: “As long as the UK continues to use oil and gas, it makes sense to produce as much of it as we can here at home.

“Every barrel of oil and gas we leave in the North Sea is a barrel we’ll need to import.

“Even in a net zero future, the UK will use 10-15 billion barrels of oil and gas between now and 2050. Current plans show the UK will produce less than four billion barrels, leaving us increasingly reliant on imports.

“Producing it here supports jobs, strengthens our economy, and improves our energy security.”



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Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On September 1

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Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On September 1


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Petrol, Diesel Price On September 1: Check City-Wise Rates Across India Including In Delhi, Mumbai and Chennai.

Latest prices of petrol and diesel.

Latest prices of petrol and diesel.

Petrol and Diesel Prices on September 1, 2025: Oil marketing companies (OMCs) update petrol and diesel prices daily at 6 AM, aligning them with fluctuations in global crude oil prices and currency exchange rates. This daily revision promotes transparency and ensures consumers have access to the most up-to-date and accurate fuel prices.

Petrol Diesel Price Today In India

Check city-wise petrol and diesel prices on September 1:

City Petrol (₹/L) Diesel (₹/L)
New Delhi 94.72 87.62
Mumbai 104.21 92.15
Kolkata 103.94 90.76
Chennai 100.75 92.34
Ahmedabad 94.49 90.17
Bengaluru 102.92 89.02
Hyderabad 107.46 95.70
Jaipur 104.72 90.21
Lucknow 94.69 87.80
Pune 104.04 90.57
Chandigarh 94.30 82.45
Indore 106.48 91.88
Patna 105.58 93.80
Surat 95.00 89.00
Nashik 95.50 89.50

Key Factors Behind Petrol and Diesel Rates

Petrol and diesel prices in India have remained unchanged since May 2022, following tax reductions by the central and several state governments.

Oil Marketing Companies (OMCs) update fuel prices daily at 6 am, adjusting for fluctuations in global crude oil markets. While these rates are technically market-linked, they are also influenced by regulatory measures such as excise duties, base pricing frameworks, and informal price caps.

Key Factors Influencing Fuel Prices in India

  • Crude Oil Prices: Global crude oil prices are a primary driver of fuel prices, as crude is the main input in petrol and diesel production.

  • Exchange Rate: Since India relies heavily on crude oil imports, the value of the Indian rupee against the US dollar significantly affects fuel costs. A weaker rupee typically translates to higher prices.

  • Taxes: Central and state-level taxes constitute a major portion of retail fuel prices. Tax rates vary across states, leading to regional price differences.

  • Refining Costs: The cost of processing crude oil into usable fuel impacts retail prices. These costs can fluctuate depending on crude quality and refinery efficiency.

  • Demand-Supply Dynamics: Market demand also influences fuel pricing. Higher demand can push prices up as supply adjusts to consumption trends.

How to Check Petrol and Diesel Prices via SMS

You can easily check the latest petrol and diesel prices in your city through SMS. For Indian Oil customers, text the city code followed by “RSP” to 9224992249. BPCL customers can send “RSP” to 9223112222, and HPCL customers can text “HP Price” to 9222201122 to receive the current fuel prices.

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Aparna Deb

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More

News business Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On September 1
Disclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

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Commercial LPG Cylinder Gets Cheaper By Rs 51.50 From Today; Check City-Wise Rates

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Commercial LPG Cylinder Gets Cheaper By Rs 51.50 From Today; Check City-Wise Rates


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Commercial LPG cylinder prices drop by Rs 51.50 from September 1. Delhi now at Rs 1580 for 19 kg.

New 19-Kg LPG Cylinder Price From September 01.

New 19-Kg LPG Cylinder Price From September 01.

LPG Cylinder Price Decline: The prices of commercial LPG gas cylinders have been reduced by Rs 51.50, effective from today, September 01. In Delhi, the retail sale price of a 19 kg commercial LPG cylinder will be Rs 1580 from September 1. There is no change in the prices of 14.2 KG domestic cylinders.

On April 1, in a relief to people in the new financial year, oil marketing companies had reduced the price of commercial LPG cylinders. The price of a 19-kg commercial LPG cylinder was slashed by Rs 41.

Latest Rates Of 19 kg Commercial LPG Gas Cylinders

City New Price (Sep 2025) Reduction vs Sep 01 Previous Price (Aug 2025)
Delhi Rs 1,580.0 Rs 51.5 Rs 1,631.5
Kolkata Rs 1,683.0 Rs 51.5 Rs 1,734.5
Mumbai Rs 1,531.0 Rs 51.5 Rs 1,582.5
Chennai Rs 1,737.5 Rs 51.5 Rs 1,789.0

Between April and July 2025, 19 kg LPG prices were cumulatively reduced by Rs 138 in Delhi, Rs 144 in Kolkata, Rs 139 in Mumbai, and Rs 141.5 in Chennai. However, the cost of the 14.2 kg domestic cylinder has remained unchanged since the Rs 50 hike on April 8, 2025, with current prices at Rs 853 in Delhi, Rs 879 in Kolkata, Rs 852.50 in Mumbai, and Rs 868.50 in Chennai.

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Varun Yadav

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More

News business Commercial LPG Cylinder Gets Cheaper By Rs 51.50 From Today; Check City-Wise Rates
Disclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

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Digital payments safety: RBI Deputy Governor Rao flags off Chandigarh walkathon; stresses responsible digital use – The Times of India

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Digital payments safety: RBI Deputy Governor Rao flags off Chandigarh walkathon; stresses responsible digital use – The Times of India


Reserve Bank of India Deputy Governor M Rajeshwar Rao on Sunday flagged off a walkathon on cyber security awareness at Sukhna Lake here, stressing that banking services, especially digital platforms, are designed for public convenience and must be used responsibly.The walkathon, organised by the Bankers’ Club, Chandigarh, saw enthusiastic participation from bankers across the region, who came together to spread awareness on safe banking and responsible digital practices, PTI reported.According to an official statement, Rao said physical outreach campaigns like this, alongside RBI’s online initiatives, are highly effective in promoting cyber security. He added that while the circulation of counterfeit currency is minimal, people should continue to use the “look, touch, and feel” method to verify notes.Highlighting the shift in banking behaviour, Rao noted that with the rising adoption of digital payments, reliance on cash is declining, ensuring safer and more secure transactions.He also congratulated the banking fraternity for their commitment to promoting cyber safety through such awareness programmes.The event was attended by RBI Executive Directors, Vinod Kumar Arya, Chief General Manager of NABARD (Haryana), Nivedita Tiwari, Chief General Manager of Nabard (Punjab), Krishan Sharma, Chief General Manager of State Bank of India, Lalit Taneja, General Manager of Punjab National Bank, and zonal managers of several other institutions.The Bankers’ Club is a forum of senior bankers in Chandigarh, with members from RBI, Nabard, SBI, PNB, ICICI Bank, HDFC Bank and other financial institutions represented at the Deputy General Manager level and above.





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