New company car advisory fuel rates – take effect 1 December 2023
These rates apply from 1 December 2023. You can use the previous rates for up to one month from the date the new rates apply (Until 1 January 2024).
| Engine size | Petrol – amount per mile | LPG – amount per mile |
|---|---|---|
| 1400cc or less | 14 pence | 10 pence |
| 1401cc to 2000cc | 16 pence | 12 pence |
| Over 2000cc | 26 pence | 18 pence |
| Engine size | Diesel – amount per mile |
|---|---|
| 1600cc or less | 13 pence |
| 1601cc to 2000cc | 15 pence |
| Over 2000cc18 | 20 pence |
Hybrid cars are treated as either petrol or diesel cars for this purpose.
Advisory Electricity Rate
The advisory fuel rate for fully electric cars is currently 9 pence per mile. In line with advisory fuel rates, this electric rate will also be reviewed quarterly.
Electricity is not a fuel for car fuel benefit purposes.
For more information you can visit: https://www.gov.uk/guidance/advisory-fuel-rates