HMRC have published new advisory fuel rates for company car drivers that apply from 1 December 2024. 

Filling car at petrol station

 LPG and electric rates have remained static this quarter whilst petrol and diesel rates have fallen.

The new rates per mile are:

Engine size

Petrol

Diesel

LPG

Electric*

1,400cc or less

12p

 

11p

7p

1,600cc or less

 

11p

 

7p

1,401cc - 2,000cc

14p

 

13p

7p

1,601cc to 2,000cc

 

13p

 

7p

Over 2,000cc.

23p

17p

21p

7p

* Fully electric cars only

Hybrid cars are treated as either petrol or diesel cars for these purposes.

The old rates may be used until 31 December 2024, see Advisory fuel rates (company car drivers).

Useful guides on this topic

Company cars
Company car tax. How do you work out car benefits? How do you work out the car fuel benefit? Are there savings for low-emissions vehicles? How do you reduce the car benefit? Cars and the tax tribunals and Top Tax Tips.

Car fuel benefit charges
What is the car fuel benefit charge? How do you apply it?

Pool cars
What is a pool car? How is it taxed? When does it become a benefit? What are the rules? Is it still worth having them?

 External link

 Advisory fuel rates

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