The government has received a recommendation to promote remote work among British citizens to prevent energy shortages following the recent conflict in Iran. Professor Nick Butler, a former strategy and policy vice-president at BP, suggested that it would be wise for officials to advise employees to work from home. He highlighted concerns about diesel prices potentially exceeding £2 per liter due to the surge in oil prices linked to the ongoing conflict between the US, Israel, and Iran.
Butler mentioned that some countries in Asia are already implementing remote work policies to mitigate the crisis. He emphasized the importance of testing people’s willingness to adapt to such measures, noting that behavioral science indicates that individuals tend to respond when others are taking similar actions. He supported the idea of the government issuing recommendations for remote work as a sensible measure.
Predicting further diesel price hikes, Butler warned that the worst impact on Britain and Europe is expected by the end of April and early May, leading to both supply shortages and significant price increases. He cautioned that the full extent of the supply loss has not yet been reflected in prices, suggesting that diesel prices could escalate well above £2 per liter. Additionally, he expressed concerns about complacency regarding potential fuel deals and price stability.
RAC’s head of policy, Simon Williams, reported a halt in the continuous rise of pump prices, with expectations of a decrease in petrol and diesel costs in the upcoming week. He highlighted the reduction in wholesale fuel expenses compared to the beginning of the month, indicating a potential relief for drivers at the gas stations. Williams emphasized the financial burden on drivers, with family car petrol costs reaching £87 and diesel costs at £105, significantly higher than before the conflict began.
