COMPANY car drivers are being advised of new fuel rates which come into effect today.
Individuals who have access to a company vehicle can use the previous rates for up to one month from the date the new rates apply.
The advisory fuel rates for journeys undertaken on or after 1 March 2026 are:
| Engine size | Petrol |
| 1400cc or less | 12p |
| 1401cc – 2000cc | 14p |
| Over 2000cc | 22p |
| Engine size | Diesel |
| 1600cc or less | 12p |
| 1601cc – 2000cc | 13p |
| Over 2000cc | 18p |
| Engine size | LPG |
| 1400cc or less | 10p |
| 1401cc – 2000cc | 12p |
| Over 2000cc | 19p |
HMRC guidance states that the rates only apply when you either:
- reimburse employees for business travel in their company cars
- require employees to repay the cost of fuel used for private travel.
You must not use these rates in any other circumstances.
The Advisory Electricity Rate for fully electric cars is below. Electricity is not a fuel for car fuel benefit purposes.
| Advisory Electricity Rate | |
| Home Charger | 7p |
| Public Charger | 15p |
If you would like to discuss your company car policy, please contact the team at JF Hornby & Co on 01229 588 077 or email jfh@jfhornby.com
