Diesel shortage prospects wane as Texaco reports it has new formula. (Texaco Inc.'s cleaner-burning diesel fuel)

Los Angeles Business Journal | March 22, 1993| | Copyright

Texaco and the California Air Resources Board announced last week that Texaco's formula for cleaner-burning diesel fuel has been approved by CARB. Texaco is the second major oil company whose formula meets the new anti-pollution requirements set by the state agency.

With Texaco's announcement, prospects dimmed that there would be a diesel fuel shortage after the Oct. 1 deadline. Nevertheless, the battle over compliance exemptions which may be granted some oil refiners continues.

Under new CARB regulations covering diesel fuel to be sold in the state of ...

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