Business
BYD: Chinese EV giant sees UK sales soar by 880%

Chinese car making giant BYD says the UK has become its biggest market outside China, after its sales there surged by 880% in September compared to a year earlier.
The company says it sold 11,271 cars in the UK last month, with the plug-in hybrid version of its Seal U sports utility vehicle (SUV) accounting for the majority of those sales.
It comes after figures from the car industry body the Society of Motor Manufacturers and Traders (SMMT) showed that sales of electric vehicles (EVs) jumped to a record high in September.
The UK is particularly attractive to firms like BYD as the country has not imposed tariffs on Chinese EVs, unlike other major markets such as the European Union and the US.
BYD, which offers cheaper models than many of its Western rivals, said its share of the UK market jumped to 3.6% in September.
The company will launch more new hybrid and electric cars in the months ahead, said the BYD’s UK manager Bono Ge. He added that the brand’s future in Britain looks “hugely exciting”, having just opened its 100th retail outlet.
UK EV sales hit a record high last month, with sales of pure battery electric vehicles rising to almost 73,000, according to the SMMT.
Sales of plug-in hybrid cars grew even faster, it said.
The Kia Sportage, Ford Puma and Nissan Qashqai were the best-selling cars in September. Chinese models – the Jaecoo 7 and BYD Seal U – were also in the top 10.
But despite the surge in overall EV sales in the UK, petrol and diesel vehicles still made up more than half of new car sales last month, according to the SMMT.
In October last year, the EU announced it would hit imports of Chinese EVs with levies of up to 45%.
The measure is aimed to protect European car makers from being undermined by what the EU believes are unfair Chinese-state subsidies.
Chinese car makers like BYD have been effectively shut out of the US by high tariffs, which were backed by both President Donald Trump and his predecessor Joe Biden.
Business
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On October 7

Last Updated:
Petrol, Diesel Price On October 7: Check City-Wise Rates Across India Including In Delhi, Mumbai and Chennai.

Petrol, Diesel Prices On October 7.
Petrol and Diesel Prices on October 7, 2025: 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 October 7:
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.
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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.
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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.
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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.
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
October 07, 2025, 07:39 IST
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Business
Snapchat users share fury at upcoming fees for Memories storage

Liv McMahonTechnology reporter

“Half of my life is on this app and now they expect us to pay for it.”
One-star reviews and a sense of injustice have dominated online discussion since the popular messaging app Snapchat became the latest tech firm to put a price tag on a service people previously enjoyed using for free.
The app’s parent company Snap announced in September it would start charging people if they have more than five gigabytes worth of previously shared images and videos saved as Memories.
For many, these retro posts act as a window to the past – leading some to accuse the firm of “corporate greed” in posts on social media and negative reviews on Google and Apple’s app stores.
Snap has compared its paid storage plans to those provided by Apple and Google for smartphones.
And as an alternative for those who don’t want to pay, users can download their Memories, which for some span tens of gigabytes of data, to their device.
The firm told the BBC only a small number of users would be affected by the changes.
It also acknowledged it was “never easy to transition from receiving a service for free to paying for it” – but suggested it would be “worth the cost” for users.
Many criticising the move online seem to disagree.
An online petition dubbed the fee a “memory tax”, with commenters calling it “dystopian” and “ridiculous” – while one person threatened never to use the app again.
Meanwhile, in a one-star review on the Google Play store, a person calling themselves Natacha Jonsson said it felt “very unethical”.
“If I know millennials right, most of us have years worth of memories on Snapchat,” they said.
“And most of us only kept the app mainly for that reason.
“5GB is absolutely nothing when you have years worth of memories… Bye Snap.”
And Guste Ven, a 20-year-old journalism student in London, shared on TikTok her plans to delete the app.
Allow TikTok content?
“I decided that I needed to download all my memories as soon as I could,” she told BBC News.
“Almost all of my teenage years have been documented through my Snapchat memories, all of the photos in there are really important to me.
“It just doesn’t make sense to start charging people for something that has been free for so many years.”
Snapchat has not yet said how much storage plans would cost in the UK – only that they are part of a “gradual global rollout”.
But 23-year-old Amber Daley, who also lives in London, said in a post on TikTok she would be “distraught” by such charges.
Allow TikTok content?
Amber told the BBC the app had become “a part of everyday life” since she started using it in 2014.
While she said she understood the platform needed to make money, Amber suggested the Memories feature means more to users than the company may have realised.
“I think it’s quite an unfair move to charge your customers who have been loyal and devoted,” she said.
“These aren’t just called Memories, these are our actual memories.”
‘Emotional artefacts’
Companies deciding to charge users for a service that was previously free is nothing new, and millions pay for services like iCloud and Google Drive to backup their photos and videos from their smartphone.
The reality of storing data in the cloud – which some in the tech industry like to refer to as simply “somebody else’s computer” – is it costs money.
“Hosting trillions of Memories on Snapchat isn’t a trivial amount,” social media consultant Matt Navarra told the BBC.
“Snapchat has to try to find a way to cover the cost of storage, bandwidth, back-ups, content delivery, encryption – all that stuff.”

But Mr Navarra said introducing fees for a service that had previously been free, and users had been encouraged to use as such, may feel like a “bait and switch” for some.
“Moving the goalposts after people have built this huge digital archive doesn’t really sit right,” he said.
And for many, he added, “Memories aren’t just data dumps, they’re emotional artefacts”.
The feeling was shared by those leaving critical reviews, with one person calling their Snapchat photos and videos “the most precious thing to me”.
“[Memories] have every aspect of my life within them from celebrations of new family members’ births, mourning of passed loved ones, memories with friends/family, [and] my whole teenage years,” they wrote.
Dr Taylor Annabell, a postdoctoral researcher at Utrecht University in the Netherlands, said Snapchat’s move shows the implications of commercial platforms being used to store sentimental personal content.
“They benefit from this trust, interdependence, and presumption of never-ending access, which even incentivises some users to remain with the platform or continue to use it in order to scroll back through their archive,” she told the BBC.
“But these are not benevolent guardians of personal memory.”

Business
Starmer faces cabinet revolt over Budget tax rises driving wealthy away

Sir Keir Starmer’s cabinet is deeply divided over economic policy, with senior ministers fearful further measures to target the rich in next month’s Budget could accelerate the wealth exodus from Britain.
Cabinet ministers have told the The Independent they believe Rachel Reeves has already gone too far with measures targeting the wealthy and businesses, and have urged the chancellor to change course if she is to have any hope of achieving growth.
They cited “anti-aspiration” measures such as the abolition of non-dom status and VAT on private school fees as key drivers of wealth away from the UK, saying they are “harming this country”. Further measures reportedly being considered include a property tax on high-value homes and a new bank profits tax.
Ministers have instead urged the prime minister and Ms Reeves to consider “efficiency savings” and cuts to fill a Budget black hole estimated to be between £30bn and £40bn.
Those on the left in Labour have noted that the recent reshuffle has “handed more power to the right of the party” while left-wingers who support wealth taxes have been demoted or pushed out.
But a powerful group within cabinet on the right of the party believes the government is failing to rein in spending and needs to be more ready “to reform the state in a Labour way.”
One minister said: “The trouble is we have crossed a line in trying to encourage aspiration. The non-dom change and the VAT on school fees have sent the opposite message.”
Noting the record number of millionaires leaving London in particular, the minister added: “It’s doing a lot of harm to the country.”
Another cabinet minister said: “I just think the non-dom changes made no real sense. Why do we want people with money to move it out of the country? It is really bad for London.”
Ms Reeves is currently refusing to budge on the manifesto promise not to raise VAT, income tax or employee national insurance contributions, but is facing mounting pressure is mounting there too.
However, one of her firmest allies in sticking to this pledge is new welfare secretary Pat McFadden, who has warned colleagues that “election wins are hard to come by and that manifesto promise was key to achieving it”.
He is in charge of trying to revive welfare reform after the government’s plans to slash disability payments were derailed by a massive rebellion by Labour MPs before the summer.
However, there is another faction within the cabinet that is backing growing calls from unions and Labour members for wealth taxes to plug the hole in the nation’s finances, such as a property tax that would hit those who have high-value homes.
There are others who are supporting the TUC’s campaign for a new bank profits tax and to hit the super-rich with a wealth tax.
One minister said: “It only seems fair that the rich carry the burden.”
However, question marks have been raised over whether so-called wealth taxes can fill the Budget black hole or would do more damage.
Professor Stephen Millard, deputy director of the National Institute of Economic and Social Research (NIESR), has warned that Ms Reeves will eventually have to break her manifesto promise not to raise any of the big taxes – VAT, income tax or employee national insurance contributions.
The NIESR estimates that the black hole will be above £40bn, and Prof Millard warned: “It is likely that, absent any change in policy, the chancellor will have a large gap to fill to meet her fiscal rules; a reduction in spending would be hard to achieve given we’ve just had a comprehensive spending review.
“It is likely that any change to the rules enabling the chancellor to increase borrowing would result in an adverse market reaction; so the chancellor will need to raise taxes.
“Given our estimate of the extent of the gap, we do not think that the Chancellor will be able to fill it by ‘tinkering’ with lots of changes to the non big four taxes; so we think she will have to raise either income tax, NICs or VAT.”
Isaac Delestre, senior research economist at the Institute for Fiscal Studies (IFS), warned: “If the Office for Budget Responsibility (OBR) forecast deteriorates and the chancellor wants to stick to her fiscal rules she will either need to deliver spending reductions or tax increases.”
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