US President Donald Trump said on the 30th of September that he had not yet decided whether to impose a ban on diesel exports—an idea that has faced significant opposition in recent days from both oil and gas industry representatives and Trump’s own advisors, Politico reports.The White House is facing mounting pressure to take steps to lower record-high diesel prices ahead of the midterm elections, and in late September, Trump hinted that he was prepared to restrict diesel exports. However, administration officials and industry representatives have pointed out that such a move would drive up prices for all types of fuel, including gasoline, and have sought to offer alternative solutions.Speaking to reporters, Trump said he was still considering the matter. He reportedly discussed it at length with Energy Secretary Chris Wright and Interior Secretary Doug Burgum; they believe the move could lower diesel prices but would cause the prices of other commodities to rise. Trump expressed optimism that prices would fall, noting an increase in shipping traffic through the Strait of Hormuz in recent days, though he declined to rule out the possibility of an export ban. He stated that the measure is under daily consideration but noted it could have a negative impact on gasoline prices.Wright – who has strongly opposed a ban on diesel exports and met with Trump at the White House on the 30th of September – said the administration would soon announce measures aimed at lowering diesel prices. Europe is also reportedly planning to announce an action plan to replenish fuel market stocks.
Trump still considering diesel export ban · BNN
