Fleet News

Advisory Fuel Rates published for the next three months

Company car drivers will see the amount of cash they can claim stay the same after HM Revenue and Customs (HMRC) published new advisory fuel rates (AFRs) today.

The rates, which businesses use to repay drivers for fuel used on business mileage, take effect from Thursday (September 1) and are reviewed on a quarterly basis.

HMRC increased the rates in June and changed how often they would be reviewed after pressure from ACFO and a backdrop of rising pump prices.

However, the new rates have stayed exactly the same apart from a 1p per mile decrease for LPG fuelled cars with an engine size from 1401cc to 2000cc.

The new rates are shown below (old rates in brackets):

Petrol
1400cc or less 15p (15p)
1401cc to 2000cc 18p (18p)
Over 2000cc 26p (26p)

Diesel
1600cc or less 12p (12p)
1601cc to 2000cc 15p (15p)
Over 2000cc 18p (18p)

LPG
1400cc or less 11p (11p)
1401cc to 2000cc 12p (13p)
Over 2000cc 18p (18p)

For further information on AFRs visit the HMRC website.
 


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