HMRC's latest advisory fuel rates have been reduced across the board, except for diesel cars with engine sizes of 1,600cc or less which are unchanged.
Fuel prices were relatively high throughout much of 2018, but they fell towards the end of the year with this trend continuing into 2019.
The advisory fuel rates per mile from 1 March are:
|
Engine size
|
|
Petrol
|
Diesel
|
LPG
|
|
1400cc or less
|
|
11p
|
10p
|
7p
|
|
1401cc to 1600cc
|
|
14p
|
10p
|
8p
|
|
1601cc to 2000cc
|
|
14p
|
11p
|
8p
|
|
Over 2000cc
|
|
21p
|
13p
|
13p
|
The advisory electricity rate for fully electric cars is 4p per mile. Hybrid cars are treated as either petrol or diesel models.
Rates can only be used to reimburse employees for any business travel in their company cars, or where employees are required to repay the cost of fuel used for private travel. The next review is 1 June, although current rates can also be used throughout June.