25 February 2019
HMRC has published its latest advisory fuel rates, which come into effect for company car users from 1 March 2020.
Here is a summary of the changes since the last rates were published on 1 December 2019:
- Rates for petrol engines of over 2000cc down by 1p to 20p per mile
- Rates for diesel engines of over 2000cc down by 1p to 13p per mile
- LPG rate for 1401cc to 2000cc engines up by 1p to 10p per mile
- Rates for fully electric engines are unchanged at 4p per mile
Advisory Fuel Rates for Petrol and LPG
|Engine size||Petrol – amount per mile||LPG – amount per mile|
|1400cc or less||12p||8p|
|1401cc to 2000cc||14p||10p|
Advisory Fuel Rates for Diesel
|Engine size||Diesel – amount per mile|
|1600cc or less||9p|
|1601cc to 2000cc||11p|
Advisory Electricity Rate
The Advisory Electricity Rate for fully electric cars is 4p per mile.
The previous rates can be used for up to one month from the date the new rates apply. The next advisory fuel rate review will take place on 1 June 2020.