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.