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Policy● Neutral for Indian equities
Trump says US is ‘very seriously’ considering diesel export ban to tackle high prices
The brief
- The US is seriously considering a diesel export ban amid fuel disruptions and strong overseas demand
- A US export ban could tighten global diesel supply, affecting Indian refiners and fuel users
- 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.
Monday, 28 September
- Trump says US is ‘very seriously’ considering diesel export ban to tackle high prices