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Advisory fuel rates see decrease from 1 June

By / 7 years ago / Latest News / No Comments

The rates can be used to reimburse company car drivers for business mileage. Under the latest changes, there’s a 1p decrease in the rates that can be claimed for mid-size and large-engined petrol vehicles. There’s also a 1p decrease for small-engined and mid-size diesel vehicles. LPG rates stay the same.

 

The latest rates (old ones in brackets) are:

Engine size

Petrol

LPG

1400cc or less

15p (15p)

10p (10p)

1401cc to 2000cc

17p (18p)

12p (12p)

Over 2000cc

25p (26p)

18p (18p)

 

Engine size

Diesel

1600cc or less

12p (13p)

1601cc to 2000cc

14p (15p)

Over 2000cc

18p (18p)

Hybrid cars are treated as either petrol or diesel cars for this purpose.

 

These rates are calculated from the fuel prices in the tables below:

Petrol

Engine size
(cc)

Mean
MPG

Applied
MPG

Fuel price
(per litre)

Fuel price
(per gallon)

Pence
per mile

AFR

up to 1400

49.07

41.7

133.2

605.4

14.5

15

1401 – 2000

41.17

35.0

133.2

605.4

17.3

17

over 2000

28.41

24.1

133.2

605.4

25.1

25

Diesel

Engine size
(cc)

Mean
MPG

Applied
MPG

Fuel price
(per litre)

Fuel price
(per gallon)

Pence
per mile

AFR

Up to 1600

61.28

52.1

138.4

629.3

12.1

12

1601 to 2000

51.53

43.8

138.4

629.3

14.4

14

Over 2000

42.03

35.7

138.4

629.3

17.6

18

LPG

Engine size
(cc)

Mean
MPG

Applied
MPG

Fuel price
(per litre)

Fuel price
(per gallon)

Pence
per mile

AFR

up to 1400

39.3

33.4

74.4

338.2

10.1

10

1401 – 2000

32.9

28.0

74.4

338.2

12.1

12

over 2000

22.7

19.3

74.4

338.2

17.5

18

 

These rates apply to all journeys on or after 1 June 2013 until further notice. For one month from the date of change, employers may use either the previous or new current rates, as they choose. Employers may therefore make or require supplementary payments if they so wish, but are under no obligation to do either.

 

HMRC will also accept the figures in the table for VAT purposes though employers will need to retain receipts in line with current legislation.

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