The advisory fuel rates for employers reimbursing employees who pay for their own fuel for business travel in their company cars has increased from 1st September 2022. This is to reflect the increase in fuel costs experienced over the last few months. The new rates are noted below:
From 1 September 2022
Engine size | Petrol — rate per mile | LPG — rate per mile |
1400cc or less | 15 pence | 9 pence |
1401cc to 2000cc | 18 pence | 11 pence |
Over 2000cc | 27 pence | 17 pence |
Engine size | Diesel — rate per mile |
1600cc or less | 14 pence |
1601cc to 2000cc | 17 pence |
Over 2000cc | 22 pence |
The advisory fuel rates are reviewed quarterly and full details can be found at:
https://www.gov.uk/guidance/advisory-fuel-rates
Please get in touch with your usual Drummond Laurie contact should you have any queries in relation to this.