Breaking news/Trending/Feature

  • Tree falls in Kwara, 2 dead, 10 injured

    Tree falls in Kwara, 2 dead, 10 injured

    0 shares
    Share 0 Tweet 0
  • Nigerian man that was beaten to death on the street in Italy

    0 shares
    Share 0 Tweet 0
  • Breaking News : STEWART EFE’S well deserved appointment as Edo State image Maker

    0 shares
    Share 0 Tweet 0
  • Biography of Edo Funk Super star- Esther .O. Edokpayi

    0 shares
    Share 0 Tweet 0
  • Stephanie O. Linus appointed as National OPS-WASH Ambassador by the Honourable Minister of Water Resources

    0 shares
    Share 0 Tweet 0
  • INTERNAL SECURITY: EDO POLICE LAUNCH HOUSE-TO-HOUSE ARREST OF CULTISTS, RAID BLACKSPOTS

    0 shares
    Share 0 Tweet 0
  • NAOMI GOLD- ON A RED LIGHT TALK SHOW FINGERED BY COUNSELOR

    0 shares
    Share 0 Tweet 0
  • The Edo State Government has debunked claims by the Indigenous People of Biafra (IPOB) alleging that Governor Monday Okpebholo approved N6 billion as compensation to so-called ā€œFulani terroristsā€ following the recent Uromi killings. In a strongly-worded statement on Thursday, the Chief Press Secretary to the Governor, Fred Itua, described the accusation as a reckless falsehood designed to incite ethnic conflict and destabilise the peace of Edo State. The controversy stems from the events of 28 March, when sixteen hunters from Kano State were killed in the Udune Efandion community of Uromi. In the aftermath, Governor Okpebholo visited Kano to sympathise with the families of the victims and appeal for calm, while a delegation from Kano later travelled to Edo to engage in peace discussions. IPOB, in a statement released on 21 April, alleged that the Governor had secretly approved a N6 billion compensation package to appease the bereaved families a claim which the Edo State Government swiftly dismissed as baseless and inflammatory. ā€œThere is no truth whatsoever in the claim that Governor Monday Okpebholo approved or paid N6 billion to any group,ā€ Itua said. ā€œThis is a fictitious and malicious lie concocted by IPOB to sow seeds of discord and destabilise the harmony we have nurtured in Edo State.ā€ The government warned that IPOB’s repeated attempts to manipulate public sentiment and incite ethnic hostility under the cover of activism would not succeed in Edo State. ā€œIt has become a known tactic of this proscribed group to exploit tragic situations to spread hate and misinformation,ā€ the statement added. ā€œTheir agenda of violence and ethnic disintegration has no place here.ā€ Emphasising its commitment to unity, security and justice for all residents, the Edo State Government reaffirmed its stance against any form of ethnic or religious discrimination. The statement also urged security agencies to investigate the source of the inciting publication and prosecute those behind it, stressing that public order and peace must not be jeopardised by dangerous propaganda. ā€œWe remain resolute in our commitment to justice, peace and the protection of all Edo people, regardless of background,ā€ the government declared. ā€œWe will continue to uphold the values of unity, tolerance and truth in the face of reckless attempts to destabilise our state.ā€

    0 shares
    Share 0 Tweet 0

Breaking news News

  • Tree falls in Kwara, 2 dead, 10 injured

    Tree falls in Kwara, 2 dead, 10 injured

    0 shares
    Share 0 Tweet 0
  • Nigerian man that was beaten to death on the street in Italy

    0 shares
    Share 0 Tweet 0
  • Breaking News : STEWART EFE’S well deserved appointment as Edo State image Maker

    0 shares
    Share 0 Tweet 0
  • Biography of Edo Funk Super star- Esther .O. Edokpayi

    0 shares
    Share 0 Tweet 0
  • Stephanie O. Linus appointed as National OPS-WASH Ambassador by the Honourable Minister of Water Resources

    0 shares
    Share 0 Tweet 0
https://obalandmagazine.com/wp-content/uploads/2025/10/Edos-Fight-Against-Cult-Violence.mp4

Popular News

  • Tree falls in Kwara, 2 dead, 10 injured

    Tree falls in Kwara, 2 dead, 10 injured

    0 shares
    Share 0 Tweet 0
  • Nigerian man that was beaten to death on the street in Italy

    0 shares
    Share 0 Tweet 0
  • Breaking News : STEWART EFE’S well deserved appointment as Edo State image Maker

    0 shares
    Share 0 Tweet 0
  • Biography of Edo Funk Super star- Esther .O. Edokpayi

    0 shares
    Share 0 Tweet 0
  • Stephanie O. Linus appointed as National OPS-WASH Ambassador by the Honourable Minister of Water Resources

    0 shares
    Share 0 Tweet 0

Subscribe to Obaland Magazine

Retail
Wednesday, October 7, 2026
Login/Register
Advertise
  • Login
  • Home
  • News
  • About Us
  • Entertainment
  • Music
  • Magazine
  • Contact us
No Result
View All Result
Obaland Magazine
No Result
View All Result
Home News

Trump Orders Temporary Tax Relief on Red Dyed Diesel as US Diesel Prices Surge.

Lydia EDEH by Lydia EDEH
October 6, 2026
in News
0
Tweet
Share
Share

Trump Orders Temporary Tax Relief on Red Dyed Diesel as US Diesel Prices Surge.

WASHINGTON, United StatesĀ  US President Donald Trump has signed an executive order temporarily easing restrictions on the use of tax exempt red dyed diesel on public roads, as his administration seeks to reduce the impact of sharply rising diesel prices on American farmers, truckers and other businesses.

YOU MAY ALSO LIKE

No Survivors Found as Air Force Names 25 Victims of Ondo Plane Crash.

Tinubu Casts Gas as Nigeria’s Economic Future, Says Oil No Longer Defines Its Fortunes.

The order, signed on October 5, 2026, directs the US Treasury Department to determine whether certain federal diesel-tax obligations can be deferred for fuel used between October 5 and December 31, 2026. Where legally authorized, the deferred taxes would be subject to no interest or penalties. The order also directs the Internal Revenue Service not to impose specified penalties for the sale or use of dyed diesel on highways during the same period.

Red-dyed diesel is chemically similar to conventional diesel but is dyed red to distinguish fuel that is generally sold without the federal highway fuel tax because it is intended for off road purposes, including agricultural machinery and certain construction equipment. The federal diesel tax is 24.4 cents per gallon, meaning the temporary tax treatment could provide direct savings for users who gain access to the cheaper fuel.

The White House said the measure is intended to provide immediate relief to farmers, truckers and workers facing elevated operating costs. The executive order also instructs the Agriculture and Transportation departments to coordinate with states, fuel distributors and industry stakeholders to facilitate access to dyed diesel and encourage states to adopt corresponding policies where legally permissible.

The move comes as US diesel prices have reached historically high levels. Reuters reported that diesel prices climbed to about $6.50 per gallon last month, with disruptions linked to conflicts involving Iran and Russia contributing to pressure on refinery operations and global fuel supplies.

Trump announced the measure during a campaign rally in Grand Island, Nebraska, just weeks before the November 3 US midterm elections. The timing has placed the administration’s response to fuel and living costs under heightened political scrutiny, particularly among farmers and trucking dependent communities. The Associated Press reported that Trump presented the measure as an effort to reduce costs across the economy.

However, the order does not by itself guarantee that every state will immediately permit the unrestricted use of red dyed diesel on public roads. The federal directive specifically calls for engagement with state governments and encourages corresponding state action, meaning the practical effect can depend on state level implementation and applicable laws.

Energy analysts have also questioned how significantly the policy can reduce pump prices. Reuters reported before the order was signed that expanding access to red dyed diesel could provide some financial relief to users but would not increase the overall supply of diesel or fundamentally change the market forces driving prices higher.

The Trump administration has pursued several measures in response to the fuel price surge, including working with international partners on emergency fuel supplies. G7 countries recently announced plans to release 100 million barrels of oil and refined fuel products, including diesel, as governments attempt to ease pressure on energy markets.

For American consumers and businesses, the immediate question is whether the temporary tax relief will translate into meaningful reductions in transportation and production costs. While diesel users could benefit from lower tax burdens, the broader price of diesel remains influenced by refining capacity, global supply, geopolitical instability and market demand.

The executive order therefore represents a short term intervention rather than a permanent restructuring of the US diesel market. Its effectiveness will depend on implementation, state cooperation and whether wider fuel supply pressures ease before the temporary measures expire at the end of 2026.

Tweet
Share
Share
Tags: American Energy PolicyDonald TrumpRed-Dyed DieselUS Diesel PricesUS Fuel Tax

Related Posts

No Survivors Found as Air Force Names 25 Victims of Ondo Plane Crash.
News

No Survivors Found as Air Force Names 25 Victims of Ondo Plane Crash.

October 7, 2026
Tinubu Casts Gas as Nigeria’s Economic Future, Says Oil No Longer Defines Its Fortunes.
News

Tinubu Casts Gas as Nigeria’s Economic Future, Says Oil No Longer Defines Its Fortunes.

October 7, 2026
Kenya Confirms First Ebola Case as Congo Linked Outbreak Reaches Nairobi.
News

Kenya Confirms First Ebola Case as Congo Linked Outbreak Reaches Nairobi.

October 7, 2026
IEA Weighs Fresh Emergency Oil and Diesel Reserve Release as Iran, Ukraine Conflicts Tighten Global Fuel Supplies.
News

IEA Weighs Fresh Emergency Oil and Diesel Reserve Release as Iran, Ukraine Conflicts Tighten Global Fuel Supplies.

October 7, 2026
Israel Marks Three Years Since October 7 Hamas Attack as Gaza Crisis Deepens.
News

Israel Marks Three Years Since October 7 Hamas Attack as Gaza Crisis Deepens.

October 7, 2026
Makinde Urges Nigerians to Collect PVCs as INEC Sets October 9 for Nationwide PVC Exercise.
News

Makinde Urges Nigerians to Collect PVCs as INEC Sets October 9 for Nationwide PVC Exercise.

October 7, 2026

Search

No Result
View All Result

Recent Posts

  • No Survivors Found as Air Force Names 25 Victims of Ondo Plane Crash. October 7, 2026
  • Tinubu Casts Gas as Nigeria’s Economic Future, Says Oil No Longer Defines Its Fortunes. October 7, 2026
  • Kenya Confirms First Ebola Case as Congo Linked Outbreak Reaches Nairobi. October 7, 2026
  • IEA Weighs Fresh Emergency Oil and Diesel Reserve Release as Iran, Ukraine Conflicts Tighten Global Fuel Supplies. October 7, 2026
  • Israel Marks Three Years Since October 7 Hamas Attack as Gaza Crisis Deepens. October 7, 2026
  • Makinde Urges Nigerians to Collect PVCs as INEC Sets October 9 for Nationwide PVC Exercise. October 7, 2026
  • NSCDC Arrests Suspected Cable Vandal, Recovers Four Bags of Electricity Conductors in Kano. October 7, 2026
  • Messi Retires From International Football After 21 Years October 7, 2026
  • Jorge Jesus Says He Has Not Yet Read Ronaldo’s Statement Amid Portugal Dispute October 7, 2026
  • Nigeria Climbs Four Places to Eighth in Bloomberg’s Ranking of Africa’s Investment Risk. October 6, 2026

Categories

  • Community (7)
  • culture (8)
  • Education (6)
  • Electrical (17)
  • Entertainment (496)
  • fashion (13)
  • Feature (33)
  • Gist (25)
  • Gossip (36)
  • Government (381)
  • Headlines (1)
  • health (83)
  • history (13)
  • International (30)
  • INTERVIEW (9)
  • music (47)
  • Nature (5)
  • News (4,984)
  • news (2,007)
  • Non profit (19)
  • PHOTO (4)
  • Political (305)
  • press release (32)
  • Property (14)
  • review (21)
  • Science (9)
  • Sport (48)
  • Sports (322)
  • TECHNOLOGY (14)
  • Video (4)
  • world (105)

About

About Obaland Magazine

Obaland Magazine is Nigeria’s trusted source for entertainment, political, and social news. We connect readers with verified stories that matter.

Contact Us

obaland podcast radio

Obaland Podcast

Listen to engaging talk shows and interviews from Obaland Multichoice Media House.

šŸŽ§ Listen Now

Support us Today

Support Us

Your donations help us maintain free and independent journalism.

Donate Now
No Result
View All Result
  • Login
  • Home
  • News
  • About Us
  • Entertainment
  • Music
  • Magazine
  • Contact us

All right reserved© 2023 Obaland magazine

1
WhatsApp
Hello šŸ‘‹
Can we help you?
Open chat