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Latest Advisory Fuel And Energy Rates
Latest Advisory Fuel Rates and changes to Advisory Electricity Rate effective 1 March 2023
HMRC has published new mileage rates for petrol, diesel, hybrid, electric and LPG vehicles, effective from 1 March 2023
Adjusted every quarter, the per-mile rates are used to reimburse drivers for fuel and electricity used for business journeys, or for employees with a fuel card to repay the cost of private trips.
Most Advisory Fuel Rates (AFRs) have reduced compared to the previous quarter – a period during which the average cost of petrol and diesel fell by 13p and 17p respectively.
The Advisory Electric Rate (AER), which is also now updated every quarter, increased a further 1p per mile having already risen from 5p to 8p in December.
Petrol (including hybrids and plug-in hybrids) | |
|---|---|
1400cc or less | 13p per mile (-1p) |
1401cc to 2000cc | 15p per mile (-2p) |
Over 2000cc | 23p per mile (-3p) |
LPG | |
|---|---|
1400cc or less | 10p per mile (unchanged) |
1401cc to 2000cc | 12p per mile (-1p) |
Over 2000cc | 17p per mile (-1p) |
Diesel (including hybrids and plug-in hybrids) | |
|---|---|
1600cc or less | 13p per mile (-1p) |
1601cc to 2000cc | 15p per mile (-2p) |
Over 2000cc | 20p per mile (-2p) |
Electric | |
|---|---|
All | 9p per mile (+1p) |
Previous rates can still be used until the end of April, as rules allow them to be applied for one month after new rates are introduced.
Important information:
This blog was originally published on leaseplan.com website. The views expressed may no longer be current and any reference to specific vehicles or products is for reference only. This information is not a personal recommendation for any particular vehicle, product or service - if you are unsure about the suitability of a product, you should consult with an expert.
