The government is being advised to promote remote work for UK citizens to mitigate energy supply challenges resulting from the recent conflict in Iran. Professor Nick Butler, a former executive at BP, suggested that encouraging employees to work from home could help stabilize the situation as diesel prices may exceed £2 per liter.
The surge in oil prices following the US and Israel-Iran conflict has raised concerns about potential supply constraints. Some Asian countries have already implemented work-from-home policies in response to the crisis, indicating a positive impact on behavior.
Prof Butler emphasized the importance of proactive measures, urging the government to recommend remote work as a sensible approach. He also warned that diesel prices could further increase, with the peak crisis anticipated in late April and early May.
RAC’s head of policy, Simon Williams, noted a recent halt in the continuous rise of pump prices, signaling a potential decrease soon. With wholesale fuel costs decreasing, drivers may soon see relief at the pumps, as petrol and diesel prices are expected to drop in the coming weeks.
Overall, the situation remains fluid, and stakeholders are closely monitoring developments to ensure a stable energy supply amidst ongoing price fluctuations.