United States President Donald Trump said that Russia has agreed to supply 300,000 tonnes of diesel fuel to global markets amid discussions with Russian President Vladimir Putin.
âÂÂI have just concluded a highly successful discussion with President Vladimir Putin, of Russia, wherein it was agreed that Russia will immediately supply over 300,000 Tons of Diesel Fuel to the American and Global Marketplace, another 500,000 Tons during the month of November, and 1,000,000 Tons immediately thereafter,â Trump said in a post on his Truth Social platform.
Recommended Stories
list of 4 items- list 1 of 4Trump launches midterms campaign blitz amid record low approval ratings
- list 2 of 4California leads lawsuit against Trump fuel efficiency standards rollback
- list 3 of 4Southeast AsiaâÂÂs energy chiefs meet against backdrop of Iran war
- list 4 of 4Trump blames Democrats and Ukraine for soaring US fuel prices, not Iran war
The president added that Russia would deliver an additional 3 million tonnes of fuel âÂÂwithin a short period of timeâÂÂ. He said that the country would supply 500,000 tonnes in November.
An envoy for Russian President Vladimir Putin, Kirill Dmitriev, praised cooperation between Russia and the United States on diesel and energy in a post on X shortly after.
âÂÂRussia-US cooperation on diesel and energy will benefit the world,â Dmitriev wrote on X.
Petrol price pressures
The deal comes despite Ukrainian air strikes, which have taken more than half of the countryâÂÂs oil refining capacity offline, according to claims made by UkraineâÂÂs Ministry of Defence on Sunday.
The latest announcement comes a week after the G7 countries agreed to release 100 million barrels amid pressure from the White House.
Diesel prices have been elevated in recent months but have started to decline. The average price for a gallon is $6.27 ($1.66 per litre), according to the American Automobile Association (AAA), which tracks daily petrol prices. ThatâÂÂs down $0.10 from this time last week, but up $5.94 from this time one month ago.