Advisory fuel rates reflect fall in oil prices

HMRC’s updated advisory fuel rates from 1 December 2014 see 1p reductions to the petrol rate for cars of 1400 cc or less and also for petrol cars over 2000cc, reflecting some of the fall in oil prices. There is a similar reduction for diesel cars over 2000cc. Other rates, including all the LPG rates, remain unchanged. The new rates are:

Engine size	Petrol	LPG
1400cc or less	13p	9p
1401cc to 2000cc	16p	11p
Over 2000cc	23p	16p
Engine size	Diesel
1600cc or less	11p
1601cc to 2000cc	13p
Over 2000cc	13p

 

Rates will be reviewed again on 1 March, although current rates can be used for a further month after then.

 

In this edition

This newsletter is for general information only and is not intended to be advice to any specific person. You are recommended to seek competent professional advice before taking or refraining from taking any action on the basis of the contents of this publication. The newsletter represents our understanding of law and HM Revenue & Customs practice as at 5 January 2015.