Senator Tom Carper, who attended the meeting, confirmed a report by online publication Axios that the Republican president had backed the increase. The 18.4-cent-a-gallon tax on gasoline has not been hiked since 1993. The federal diesel tax is 24.4 cents a gallon. "To my surprise, President Trump, today in our meeting, offered his support for raising the gas and diesel tax by 25 cents a gallon and dedicating that money to improve our roads, highways, and bridges," Carper said in a statement.
KUALA LUMPUR: The Government will intervene if global crude oil prices rise too high to cushion the impact on RON95 petrol and diesel, said Deputy Finance Minister Datuk Chua Tee Yong.
“However, the intervention mechanism has not been finalised yet and the evaluation process undertaken by the Domestic Trade and Consumer Affairs Ministry is still ongoing,” he told a press conference after delivering his keynote address at the 19th Malaysian Capital Market Summit here yesterday.
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