Trump says he would back ban on diesel exports
US President Donald Trump has said he would back proposals to halt American diesel exports in a bid to ease prices for drivers at the pumps. His comments come after Republicans lawmakers put pressurโฆ
US President Donald Trump has said he would back proposals to halt American diesel exports in a bid to ease prices for drivers at the pumps.
His comments come after Republicans lawmakers put pressure on the president ahead of November's mid-term elections to curb exports, as diesel prices soar to record highs in the US.
Speaking on the sidelines at the United Nations General Assembly, Trump suggested keeping domestic supplies inside the US could also ease broader petrol prices.
"I've called for that too. I've said let's not send out the diesel. We make a lot of diesel. That could have a little bit of an effect on regular automobile gasoline," he said .
US Treasury Secretary Scott Bessent confirmed officials were assessing "whether a full or partial ban would work" without disrupting refinery capabilities.
National average diesel prices surpassed $6.50 (รยฃ4.87) a gallon on Tuesday according to American Automobile Association data, a new high.
The conflict in the Middle East has constrained global oil supplies, putting pressure on pump prices.
The surge in the cost of diesel has sparked political urgency ahead of crucial mid-term elections on 3 November, with several Republicans pressing the administration to restrict the fuel's export to ease financial strain on voters.
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