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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.