US President Donald Trump is expected to unveil a plan targeting tax-exempt red-dyed diesel as part of an effort to lower fuel prices as soon as today, two sources familiar with the matter tell Reuters.
Red-dyed diesel is essentially diesel but exempt from highway fuel taxes.
It is generally sold for use in equipment and vehicles that are not usually operated on public roadways, but in places like farms and construction sites. Because it is intended for off-road use, it is exempt from taxes applied to diesel fuel sold for highway transportation.
