HM Revenue and Customs (HMRC) has published the latest Advisory Fuel Rates (AFRs) with changes to diesel and LPG rates.
Rates had remained unchanged for two consecutive quarters and had not risen since March 2012 when they rose by 1p per mile for larger and smaller diesel engines.
However, HMRC has increased the reimbursement rate for diesel powered cars with an engine of 1600cc or less from 12p to 13p, while the rates of 15p for cars with engines between 1601cc to 2000cc and 18p for cars powered by an engine above 2000cc remain unchanged.
Petrol rates also remain unchanged, while LPG rates for cars with engines of less than 1400cc and those between 1401cc and 2000cc fall by 1p each to 10p and 12p respectively. The LPG rate for cars over 2000cc remains unchanged at 18p.
The latest rates, which organisations use to reimburse drivers for fuel used on business journeys, take effect from Friday (March 1).
New rates in bold, previous rates in brackets.
Petrol
1400cc or less 15p (15p)
1401cc to 2000cc 18p (18p)
Over 2000cc 26p (26p)
Diesel
1600cc or less 13p (12p)
1601cc to 2000cc 15p (15p)
Over 2000cc 18p (18p)
LPG
1400cc or less 10p (11p)
1401cc to 2000cc 12p (13p)
Over 2000cc 18p (18p)
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Gareth has more than 20 years’ experience as a journalist having started his career in local newspapers in the 1990s. Prior to joining Fleet News in 2008, he worked in the public sector as a media advisor and is currently news editor at Fleet News.
Andy Titterton - 27/02/2013 11:23
I think HMRC needs new batteries in their calculators. Generalising, diesel at £1.45/litre equates to £6.50/gallon. My 1.8 litre diesel averages out to about 40mpg. Therefore, for every £6.50 I put into the tank, I can only claim £6.00 back........