Trump Permits Highway Use of Tax-Free Dyed Diesel Amid Surging Fuel Prices

The US president signed an executive order deferring the federal fuel tax on dyed diesel through the end of the year to lower costs for motorists.

US President Donald Trump signed an executive order temporarily permitting highway use of "dyed diesel," a tax-exempt fuel typically reserved for agricultural use, website OilPrice.com and Greek newspaper Ta Nea reported. The measure is aimed at easing costs for American motorists following a surge in diesel prices to $6.32 per gallon.

According to a White House statement, the order defers the federal diesel tax on the fuel through the end of the year without interest or penalties. The federal diesel tax currently stands at $0.244 per gallon, with Ta Nea estimating potential savings exceeding $100 per fill-up for truck drivers.

Further details regarding the implementation of the directives have not yet been released.