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Fuel rates for company car drivers
HMRC has announced new advisory fuel rates, from 1 December 2024, for employees using a company car.
Engine size | Petrol – amount per mile | LPG – amount per mile |
1400cc or less | 12p | 11p |
1401cc to 2000cc | 14p | 13p |
Over 2000cc | 23p | 21p |
Engine size | Diesel – amount per mile |
1600cc or less | 11p |
1601cc to 2000cc | 13p |
Over 2000cc | 17p |
The advisory electricity rate for fully electric cars is 7p 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.