Specialist Tax News

Advisory fuel rates from your employer

The quarterly review of rates from 1 June 2012 resulted in a small decrease of some of the rates for diesel, to reflect the slight fall in the price of that fuel, but the employer can if it wishes use the old rates for June and only apply the new rates from 1 July. That could help you a little, but the petrol rates are unaltered.

Fuel prices have recently reduced as part of a mini price war, but that will seemingly not last long with a 3p per litre increase being imminent as an increase in duty announced by the government.

The rates are:

Engine size

Fuel cost per mile

 

petrol

diesel

LPG

To 1400 cc

15p

 

11p

To 1600 cc

 

12p

 

1401 to 2000 cc

18p

 

13p

1601 to 2000 cc

 

15p

 

Over 2000 cc

26p

18p

19p

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