Washington, Sep 23 (AP) The oil industry’s top lobbying group is warning the Trump administration that a possible ban on diesel exports could exacerbate refining challenges and hurt consumers.
Trump said Tuesday he has asked Treasury Secretary Scott Bessent to examine whether an export ban could help stem rising domestic diesel prices, which have spiked above USD 6 per gallon.
Mike Sommers, president and CEO of the American Petroleum Institute, said that while he understands “Americans are hurting from rising diesel costs driven by an unprecedented disruption to global refining capacity” because of the Iran war, an export ban “would only compound the problem”.
Sommers said “the answer is more supply and more flexibility – not new restrictions that risk making a difficult situation worse”.
Farm state senators, including Republicans, have urged an ban on diesel exports.
(PTI News)
