HMRC has published new Advisory Fuel Rates (AFRs) effective from Tuesday (March 1) for company car drivers claiming back fuel costs from their employer.
Even though pump prices have reached new heights petrol and diesel pence per mile (PPM) rates for all three engine-size ranges have stayed the same. The diesel rate for company cars with a engine size of more than 2,000cc remains at 16ppm, while the AFR rates for diesel cars up to 1,600cc and from 1,601-2,000cc remain at 11ppm and 13ppm, respectively. The advisory electricity rate (AER) for pure electric cars also remain at 5ppm. Full advisory fuel rates can be found here