A bill to amend the Emergency Petroleum Allocation Act of 1973 to stablize prices for diesel fuel and Number 2 fuel oil at the respective prices which were in effect January 1, 1979.

Amends the Emergency Petroleum Allocation Act of 1973 to direct the President to promulgate a regulation to hold down the price of diesel fuel and Number 2 fuel oil at their respective levels in effect on January 1, 1979.