Fleet News

New Advisory Fuel Rates announced

HM Revenue and Customs (HMRC)has published new advisory fuel rates (AFRs) today with a 1p per mile increase for diesel fuelled cars dependant on the size of the engine.

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

Petrol and LPG rates remain unchanged from the last change in December. However, there is a 1p per mile rise for diesel cars with engines smaller than 1,600cc and for those larger than 2,000cc.

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

1600cc or less 13p (12p)
1601cc to 2000cc 15p (15p)
Over 2000cc 19p (18p)

1400cc or less 10p (10p)
1401cc to 2000cc 12p (12p)
Over 2000cc 18p (18p)

See this week’s Fleet News for more on record pump prices and growing calls for the Chancellor George Osborne to intervene.

Click here for fuel and fuel cards best practice and procurement insight

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