economy
Petrol and diesel owners hit with 1p per mile change from Tuesday
Certain petrol and diesel owners will notice a 1p per mile rise from Tuesday as new HMRC fuel advisory rates come into effect. In mixed news for drivers, some motorists will be able to claim back more money for getting behind the wheel of their company car, while others face higher bills.
TL;DR
- New HMRC fuel advisory rates are effective from Tuesday.
- Some petrol and diesel car owners will experience a 1p per mile change in rates.
- Rates for petrol cars over 2,000cc will increase to 27p per mile.
- Rates for diesel cars between 1,601-2,000cc will decrease to 16p or 22p per mile depending on the specific engine size.
- Rates for LPG vehicles over 2,000cc will be cut to 20p per mile.
- HMRC uses data from the Department for Energy Security and Net Zero to set these rates.