HMRC has released its latest advisory fuel rates (AFRs) and Advisory Electric Rate (AER) this week, which will come into force from 1st September 2024.
Available at https://comcar.co.uk/taxpages/afrs/ all three rates for petrol have been cut. Engines up to 1,400cc engine have decreased by 1ppm (13ppm), as well as 1,400-2,000cc (15ppm). Engines over 2,000cc have decreased by 2ppm (24ppm).
Diesel rates have also all decreased across all engine sizes. Down by 1ppm for up to 1,600cc (12ppm) and 1,601-2,000c (14ppm). Engines over 2,000cc have decreased by 2ppm (18ppm).
AFRs for LPG-powered vehicles have remained unchanged. Engines up to 1,400cc (11ppm), 1,401-2,000cc (13ppm), over 2,000cc (21ppm).
Hybrid cars are treated as either petrol or diesel cars for AFR purposes.
The Advisory Electric Rate (AER) used to reimburse drivers of electric company cars, has been cut once again (7ppm) after being cut from 9-8ppm after the mileage rate was last reviewed in May.
