Trump moves to cut diesel costs with order on tax-free fuel
Americas2 sources2 countries🔦 Under-reported47m ago
On Monday in Washington, US President Donald Trump signed an executive order aimed at lowering diesel costs by waiving off-road requirements. The measure allows any buyer to purchase tax-exempt, red-dyed diesel for any purpose.
Previously, the use of red-dyed diesel was restricted to specific machinery, such as that used in farming, and was exempt from certain taxes. By removing these off-road restrictions, the executive order opens up access to the lower-cost fuel to the general public for any reason.
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Free Malaysia Today (MY)Explains the mechanism by lifting off-road restrictions to open fuel to all.