Diesel Prices Relief Act of 2026

The Diesel Prices Relief Act of 2026 eliminates the federal excise tax on diesel fuel for a period ending on January 1, 2027, directly affecting drivers and businesses that use diesel. To offset the lost revenue, the bill requires the Treasury Secretary to transfer money from the general fund to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund. The legislation also mandates that fuel producers and dealers pass these savings immediately to consumers and gives the Treasury authority to enforce this requirement.