US weighs diesel export ban: India ramps up shipments as Russia supply falters. Can it sustain this?
New Delhi, Sept. 25 -- The US is considering a 90-day ban on diesel exports as the Trump administration faces pressure to bring down fuel prices ahead of the November midterm elections, Politico reported.
The proposal has triggered divisions within the administration and opposition from the US fuel industry, which has warned that restricting exports could offer only temporary relief while tightening supplies and pushing prices higher later, according to the report.
Meanwhile, India has indicated that it has no plans to restrict diesel exports, even as global fuel markets remain tight.
"We honour our commitments," Oil Minister Hardeep Puri said while referring to existing diesel export contracts, according to Bloomberg.
Puri said India...
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