The government is being urged to promote remote work for UK citizens to alleviate energy shortages following the conflict in Iran. Professor Nick Butler, a former BP executive, suggested that encouraging employees to work from home could help mitigate the potential rise in diesel prices above £2 per litre.
Global oil prices have surged due to the ongoing tensions between the US, Israel, and Iran, leading to concerns about supply strains. Professor Butler noted that some countries in Asia have already implemented work-from-home policies to address the crisis.
He emphasized the importance of behavioral science in influencing people’s responses to such measures. Prof Butler recommended that the government issue guidance for remote work as a sensible approach to the situation.
Forecasting a worsening scenario, Prof Butler warned that a critical shortage and significant price hike in diesel could hit Britain and Europe by late April and early May. He cautioned that the full impact of the supply disruption on prices has yet to be realized.
RAC’s head of policy, Simon Williams, highlighted a recent halt in the continuous rise of pump prices after a 43-day increment period. He mentioned that wholesale fuel costs have decreased, indicating a potential reduction in forecourt prices soon.
Williams expressed hope for petrol and diesel prices to decrease in the upcoming week, offering relief to drivers facing high fuel expenses. He emphasized the financial burden on families, with the cost of a tank of petrol and diesel significantly higher since the conflict began.