The Diesel Prices Relief Act of 2026 temporarily eliminates the federal tax on diesel fuel from the date of enactment through December 31, 2026. The bill removes both the standard diesel fuel tax rate and the Leaking Underground Storage Tank Trust Fund financing rate on diesel fuel during this period. To prevent disruption to transportation infrastructure funding, the bill requires the Treasury Department to transfer funds from the general Treasury to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund to replace the lost tax revenue. The legislation also declares it congressional policy that fuel producers and dealers pass the tax savings directly to consumers at the pump, giving the Treasury Secretary authority to enforce this requirement. The bill affects all diesel fuel consumers and the fuel industry, with the primary benefit intended for trucking, transportation, and agriculture sectors that rely heavily on diesel fuel.
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