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Policy● Neutral for Indian equities
Big business warns Trump against diesel export ban in joint letter
The brief
- Business leaders warned Trump against a diesel export ban in a joint letter
- US diesel averaged $6.51 a gallon Thursday, nearly $3 above the year-earlier level
- Goldman expects initial diesel price decline under US export curbs
- India to continue diesel exports despite possible US ban amid tightening global fuel market
- Iran-linked diesel price spike makes electric trucks cheaper than diesel in key EU markets, environmental group says
- US diesel ban: Why cheaper diesel could come with a gasoline price shock
- India launches its first LNG-powered train as Railways targets zero diesel use by 2030
US diesel export-ban threat
The Trump administration is weighing restrictions, including a possible 90-day ban, as US diesel prices climb; the national average reached $6.51 a gallon. India says it will continue exports, while European officials are pressing Washington to preserve diesel flows.
Friday, 25 September
Thursday, 24 September
- Big business warns Trump against diesel export ban in joint letter