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Trump weighs diesel export ban despite warning it could raise fuel prices
The brief
- Trump said he was “very seriously” considering a diesel export ban
- The oil industry warned a ban would raise prices; Trump said it could negatively affect gasoline
- A ban could lift fuel costs for Indian refiners and oil marketers, including Oil India
- Explainer-What is red-dyed diesel and can it help lower prices, as Trump wants?
- Export duty on diesel, ATF slashed; petrol unchanged
- India cuts windfall taxes on diesel, aviation fuel exports
- Centre cuts windfall levies on diesel and ATF exports; diesel duty now ₹16 per litre
- US oil industry warns diesel prices will not return to normal for a year
US diesel export-ban threat
The Trump administration is weighing a diesel export ban as US diesel prices rise and Europe faces supply concerns. US diesel exports reached a weekly record near 2 million barrels a day last month, while analysts warn restrictions could raise global diesel and US gasoline prices.
Wednesday, 30 September
- Trump weighs diesel export ban despite warning it could raise fuel prices