New company car advisory fuel rates – take effect 1 December 2022
These rates apply from 1 December 2022. You can use the previous rates for up to one month from the date the new rates apply (Until 1 January 2023).
| Engine size | Petrol – amount per mile | LPG – amount per mile |
|---|---|---|
| 1400cc or less | 14 pence | 7 pence |
| 1401cc to 2000cc | 17 pence | 8 pence |
| Over 2000cc | 26 pence | 12 pence |
| Engine size | Diesel – amount per mile |
|---|---|
| 1600cc or less | 14 pence |
| 1601cc to 2000cc | 17 pence |
| Over 2000cc | 22 pence |
Hybrid cars are treated as either petrol or diesel cars for this purpose.
Advisory Electricity Rate
Please note that from 1 December 2022 the advisory fuel rate for fully electric cars will rise from 5 pence to 8 pence per mile. In line with advisory fuel rates, this electric rate will also be reviewed quarterly from 1 December 2022.
Electricity is not a fuel for car fuel benefit purposes.
For more information you can visit: https://www.gov.uk/guidance/advisory-fuel-rates