Freepik

Previously, the reduced rate was scheduled to remain in effect until June 30.

The reduced excise tax rate on diesel fuel was introduced on April 1 of this year in response to the conflict in the Middle East and rising fuel prices.

Lawmakers noted that fuel prices remain significantly higher than before the conflict began, so the reduced rate should remain in effect until the end of the year.

The proposal to extend the reduced tax rate on diesel fuel until the end of...