Suggestions for new ways to place sanctions on Russia following the invasion of Ukraine could see cars banned on Sundays. It has been reported that the Government has taken advice on how to decrease the UK’s reliance on Russian oil.
Among the possible plans include cutting motorway speed limits to 64 mph, asking people to work from home for three days a week and banning cars on Sunday. The International Energy Agency claims these measures, if implemented worldwide, could cut global oil demand by 2.7million barrels per day within four months.
Read more: Vladimir Putin’s ‘private army’ targeted in new sanctions ordered by Boris Johnson
The IEA said its proposals are ‘practical actions’ that could significantly reduce oil demand and soaring prices that motorists are currently facing across Europe. The 10-point plan has been issued by the Paris-based international energy forum, which represents 29 nations in total.
It also suggests working from home three days a week, cheaper public transport, more car sharing and other initiatives – and greater use of high-speed rail and virtual meetings instead of air travel, reports the Daily Record.
It says cutting highway limits by 10kmh – the equivalent of reducing the national speed limit on our motorways from 70mph to 64mph – could save around 290,000 barrels per day from cars and an additional 140,000 from trucks.
IEA’s proposed 10-point plan to combat rising oil prices:
- Reduce speed limits on highways by at least 10 km / h (6mph)
- Work from home up to three days a week where possible
- Car-free Sundays in cities
- Make use of public transport cheaper and incentivise micromobility, walking and cycling
- Alternate private car access to roads in large cities
- Increase car sharing and adopt practices to reduce fuel use
- Promote efficient driving for freight trucks and delivery of goods
- Using high-speed and night trains instead of planes where possible
- Avoid business air travel where alternative options exist
- Reinforce the adoption of electric and more efficient vehicles
IEA executive director Fatih Birol said: “As a result of Russia ‘s appalling aggression against Ukraine, the world may well be facing its biggest oil supply shock in decades, with huge implications for our economies and societies. IEA Member Countries have already stepped in to support the global economy with an initial release of millions of barrels of emergency oil stocks, but we can also take action on demand to avoid the risk of a crippling oil crunch. “
Ms Birol also said the 10-measure plan has already been tested and proven in multiple countries. Currently, a driver filling an average petrol car with 55 liters of fuel is paying over £ 47 in tax alone, with VAT paid on top of fuel duty at 57.95pa liter.
RAC fuel spokesman, Simon Williams, said: “The window for pump prices to come down appears to be have been well and truly closed, with both oil prices and therefore wholesale fuel costs once again rising after last week’s big drop, putting yet more pressure on households and businesses.In just the last week, the average cost of a liter of petrol has gone up 3.5p and diesel by a staggering 5.5p.
“Filling up a 55-liter family car now costs £ 91.86 for petrol and £ 98.43 for diesel. Drivers faced with spiralling costs when they fill up will undoubtedly be looking to the Chancellor to act in Wednesday’s Spring Statement, so suggestions fuel duty may be cut from its current level of 57.95p in every liter of fuel sold will be widely welcomed.
“While there has been talk of a 5p cut in fuel duty, this may not be deep enough to make a real difference to drivers who are facing the highest ever costs to fill their tanks. However, ensuring all drivers fairly and fully benefit from the fuel duty cut depends entirely on retailers reducing their prices and not using it as an opportunity to take a greater profit on every liter they sell. On the other hand, reducing VAT, which is a tax on a tax, prevents this from happening and would guarantee drivers benefit fully. “
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