New Advisory Fuel Rates (AFRs) have been published by the HMRC, which come into effect from Wednesday 1 March.
The new rates include a 1p per mile (ppm) increase in the advisory electricity rate (AER) used to reimburse drivers of electric company cars.
Hybrid cars are treated as either petrol or diesel cars for advisory fuel rates.
The rates for petrol and diesel company cars have been cut. The AFR for petrol vehicles up to 1,400cc now 13p per mile (ppm), down from 14ppm. Petrol vehicles with an engine sized from 1,401-2,000cc have decreased 2ppm, from 17 to 15ppm. The AFR for vehicles with an engine over 2,000cc has been cut by from 26 to 23ppm.
The diesel rate for company cars with an engine size of more than 2,000cc is cut by 2ppm, from 22 to 20ppm; the AFR for diesel cars up to 1,600cc falls by 1ppm, from 14 to 13ppm, and the rate for diesel vehicles with an engine from 1,601-2,000cc has been reduced by 2ppm, from 17 to 15ppm.
The rate for LPG vehicles up to 1,400cc remains the same at 10ppm, but has been cut by 1ppm from 12 to 11ppm for vehicles with an engine size of 1,401-2,000cc. LPG vehicles with an engine greater than 2,000cc has a 1ppm cut, from 18 to 17ppm.
Keyword: Rate for EV charging reimbursement increases