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) | |
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1400cc or less | 13p per mile (-1p) |
1401cc to 2000cc | 15p per mile (-2p) |
Over 2000cc | 23p per mile (-3p) |
LPG | |
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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 | |
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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.