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G7 to release 100 million barrels of diesel
The G7 countries have agreed to urgently release 100 million barrels from their diesel reserves over a four-month period, in an effort to lower diesel fuel prices, which recently reached a record high of $6.50 per gallon in the United States, affected by supply fluctuations and oil wars. The European Union and other nations are also expected to participate in joint measures to boost supplies and reduce price tensions in the global market.
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