HR Hub

Fuel rates for company car drivers

HMRC has announced new advisory fuel rates, from 1 September 2022, for employees using a company car.

Engine size

Petrol – amount per mile

LPG – amount per mile

1400cc or less

15p

9p

1401cc to 2000cc

18p

11p

Over 2000cc

27p

17p

 

Engine size

Diesel – amount per mile

1600cc or less

14p

1601cc to 2000cc

17p

Over 2000cc

22p

 

The advisory electricity rate for fully electric cars is 5p per mile. Hybrid cars are treated as either petrol or diesel cars for advisory fuel rates.

The previous rates can be used for up to one month from the date the new rates apply.

A list of earlier rates can be found on the HMRC website.