The new company car advisory fuel rates have been published and took effect from 1 June 2024. The rates are reviewed quarterly, with the next update due on 1 September 2024.

Guidance specifies that the previous rates can be used for up to 1 month from the date any new rates apply.

The rates can be used for either:

  • Reimbursing employees for business travel in their company cars; or
  • For employees to repay the cost of fuel used for private travel.

Rates from 1 June 2024 for petrol, LPG and diesel cars

Engine size Petrol – rate per mile LPG – rate per mile
1400cc or less 14 pence 11 pence
1401cc to 2000cc 16 pence 13 pence
Over 2000cc 26 pence 21 pence


Engine size Diesel – rate per mile
1600cc or less 13 pence
1601cc to 2000cc 15 pence
Over 2000cc 20 pence


Rates from 1 June 2024 for electric cars

From 1 June 2024, the advisory electric rate for fully electric cars will be 8 pence per mile.

Hybrid cars are treated as either petrol or diesel cars for advisory fuel rates.