Trump backs off diesel export ban as US fuel prices surge
- US President Donald Trump said Friday he won't ban diesel exports, backing off earlier consideration of the move.
- G7 nations agreed Friday to release up to 100 million barrels of emergency oil and diesel stocks to curb prices.
- US diesel prices hit $6.37 per gallon as of Friday, driven by disruptions from wars in Russia and the Middle East.
- The administration is instead considering lifting limits on tax-exempt dyed diesel sales for highway vehicle use.
Source: ndtvprofit.com
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