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Trump waives diesel taxes for off-road use
U.S. President Donald Trump issued an executive order allowing citizens to purchase red-dyed diesel, a tax-exempt fuel typically used off-road, such as in agricultural machinery and industrial equipment. This move comes amid rising fuel prices driven by the Russian-Ukrainian war and Russian export restrictions, with diesel prices in the United States exceeding $6 per gallon. The development increases pressure on the markets ahead of the midterm elections, and the decision aims to facilitate access to fuel and ease the impact of rising prices.
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