HMRC have just published new Advisory Fuel Rates (AFR’s) effective from next week Wednesday (December 1st). It’s no surprise that petrol, diesel and LPG (PPM) rates have all risen to keep pace with the increasing and record pump prices. LPG –powered vehicle rates have seen the largest increase vehicles up to 1,400cc is 9ppm, up from 7ppm, and 10ppm for vehicles with an engine size of 1,401-2,000cc, up from 8ppm. The diesel rate for company cars with a engine size of more than 2,000cc increases by 1ppm, from 15ppm to 16ppm. The AFR rates for diesel cars up to 1,600cc and from 1,601-2,000cc also increased by 1ppm, to 11ppm and 13ppm respectively. Petrol engines have all increased by the same ppm rate as diesel engines.
The advisory electricity rate (AER) for plug-in cars remains unchanged at 4ppm.