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What is Red Diesel? Why is this being allowed for on-road usage? No new barrel.

By Mukesh Sahdev Visit author profile

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Diesel
Bullish

Dyed, tax-exempt diesel intended for off-road/non-highway uses Essentially the same ULSD used on highways—generally less than≤15 ppm sulfur—but red dye is added so tax authorities can identify fuel on which highway excise tax has not been paid. It is illegal to use dyed diesel…

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