Last updated: March 03, 2022

New advisory fuel rates published by HMRC

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New advisory fuel rates for company car drivers have been published by HMRC, which are to be applied from 1 March 2022 (although the old rates may be used until 31 March 2022).

Whilst most rates have remained the same, there is one exception for smaller-engined LPG cars which has been reduced. However, with the cost of fuel rising, and likely to continue to rise due to the war in Ukraine, it is not unlikely to consider that the rates may increase on 1 June 2022 when the fuel rates will be reviewed again.

 

New rates per mile

Engine size

Petrol

Diesel

LPG

Electric*

1,400cc or less

13p

 

8p

5p

1,600cc or less

 

11p

 

5p

1,401cc - 2,000cc

15p

 

10p

5p

1,601cc to 2,000cc

 

13p

 

5p

Over 2,000cc.

22p

16p

15p

5p

 

*Fully electric cars only. For the purpose of fuel rates, hybrid cars (petrol / diesel and electric) are treated as either petrol or diesel cars.

 

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