HMRC has released its latest advisory fuel rates (AFRs), which will come into force from March 1.
There are three changes: a 1p per mile increase for petrol-engined vehicles over 2,000cc, and 1ppm decreases for LPG vehicles between 1,401cc and 2,000cc, and for LPG vehicles above 2,000cc
The below rates apply from 1 March 2018. You can use the previous rates for up to 1 month from the date the new rates apply. These rates only apply to employees using a company car.
Petrol and LPG
| Engine size | Petrol – amount per mile | LPG – amount per mile |
|---|---|---|
| 1400cc or less | 11 pence | 7 pence |
| 1401cc to 2000cc | 14 pence | 8 pence |
| Over 2000cc | 22 pence | 13 pence |
Diesel
| Engine size | Diesel – amount per mile |
|---|---|
| 1600cc or less | 9 pence |
| 1601cc to 2000cc | 11 pence |
| Over 2000cc | 13 pence |
Hybrid cars are treated as either petrol or diesel cars for this purpose.