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Advisory Fuel Rates Update

(Last Updated On: September 19, 2018)

As of 1 September 2018, advisory fuel rates have been updated for employees’ usage of company cars.

The following rates are now in place for petrol and LPG-fuelled cars provided by your employer, while the previous rates can be used until 1 October 2018.

Engine sizePetrol – amount per mileLPG – amount per mile
1400cc or less12p7p
1401cc to 2000cc15p9p
Over 2000cc22p13p

For diesel cars, the rates are:

Engine size Diesel – amount per mile
1600cc or less10p
1601cc to 2000cc12p
Over 2000cc13p

Hybrid cars are treated as either petrol or diesel cars for this purpose.

These rates will apply when an employer reimburses employees for business travel in their company car and when employees are required to repay the cost of fuel used for private travel.

For any help or advice with financial planning talk to RPD

 

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