Changes have been made by HMRC to the advisory fuel rates (AFRs) for all journeys on or after 1 March 2024 for company car drivers claiming back fuel costs from their employer. The rates are reviewed quarterly and are applicable where employers reimburse employees for business travel (company cars); or where employers require employees to repay the cost of private travel
Petrol
| Engine size (cc) | Mean MPG | Fuel price (per litre) | Fuel price (per gallon) | Rate per mile | Advisory fuel rate |
|---|---|---|---|---|---|
| Up to 1400 | 49.5 | 140.6 pence | 639.0 pence | 12.9 pence | 13 pence |
| 1401 to 2000 | 42.1 | 140.6 pence | 639.0 pence | 15.2 pence | 15 pence |
| Over 2000 | 26.7 | 140.6 pence | 639.0 pence | 24.0 pence | 24 pence |
Diesel
| Engine size (cc) | Mean MPG | Fuel price (per litre) | Fuel price (per gallon) | Rate per mile | Advisory fuel rate |
|---|---|---|---|---|---|
| Up to 1600 | 56.7 | 149.4 pence | 679.0 pence | 12.0 pence | 12 pence |
| 1601 to 2000 | 48.0 | 149.4 pence | 679.0 pence | 14.2 pence | 14 pence |
| Over 2000 | 36.3 | 149.4 pence | 679.0 pence | 18.7 pence | 19 pence |
LPG
| Engine size (cc) | Mean MPG | Fuel price (per litre) | Fuel price (per gallon) | Rate per mile | Advisory fuel rate |
|---|---|---|---|---|---|
| Up to 1400 | 39.6 | 96.5 pence | 438.7 pence | 11.1 pence | 11 pence |
| 1401 to 2000 | 33.7 | 96.5 pence | 438.7 pence | 13.0 pence | 13 pence |
| Over 2000 | 21.3 | 96.5 pence | 438.7 pence | 20.6 pence | 21 pence |
Electric
From 1 March 2024, the advisory electric rate for fully electric cars will be 9 pence per mile.
Hybrid cars are treated as either petrol or diesel cars for advisory fuel rates.
The advisory fuel rates for petrol, LPG and diesel cars are shown in these tables.
You can use the previous rates for up to 1 month from the date any new rates apply.
Old AFRs From 1 September 2023 to 30 November 2023
From 1 December 2023 to 29 February 2024
| Engine size | Petrol — rate per mile | LPG — rate per mile |
|---|---|---|
| 1400cc or less | 14 pence | 10 pence |
| 1401cc to 2000cc | 16 pence | 12 pence |
| Over 2000cc | 26 pence | 18 pence |
| Engine size | Diesel — rate per mile |
|---|---|
| 1600cc or less | 13 pence |
| 1601cc to 2000cc | 15 pence |
| Over 2000cc | 20 pence |
| Electric — rate per mile |
|---|
| 9 pence |
Guidance notes from HMRC are available here.
The information contained above is for general guidance purposes only. Whilst every effort has been made to ensure the contents are accurate, please note that each individual has different circumstances and it is essential that you seek appropriate professional advice before you act on any of the information contained herein. HB Accountants can accept no liability for any error.
