The Financial News

The Financial News

U.S. Mulls 90-Day Diesel Export Ban, Can India Fill the Global Supply Gap? | Explained


The United States is considering a 90-day ban on diesel exports as the Trump administration faces pressure to lower fuel prices ahead of the November midterm elections. The proposal has sparked divisions within the administration and strong pushback from the US fuel industry, which warns it could tighten supplies and raise prices later. India, meanwhile, has signalled no plans to restrict its own diesel exports. Oil Minister said the country honours its commitments and is better positioned due to stronger refining capacity.

#usa #india #diesel #fuel #trump #pmmodi #export #fuelcrisis

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