Advisory fuel rates from 1 December 2022

HMRC have published new advisory fuel rates for company car drivers which apply from 1 December 2022. 

The most notable change this quarter is the increased electric car rate, which goes up from 5p to 8p. LPG rates also increase, while petrol rates decrease and diesel rates remain static.

The electric rate will be reviewed quarterly from 1 December 2022. 

The new rates per mile are:

* Fully electric cars only

Hybrid cars are treated as either petrol or diesel cars for these purposes.

The old rates may be used until 31 December 2022, see Advisory fuel rates (company car drivers)

Useful guides on this topic

Company cars
Company car tax. How do you work out car benefit? How do you work out car fuel benefit? Are there savings for low-emissions vehicles? How do you reduce car benefit? Cars and the tax tribunals and Top Tax Tips.