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Every three months advisory fuel rates are reviewed, and as a result they often change.
These are the rates that companies use to repay company car drivers for fuel used on business journeys so have a direct impact on costs for many of us.
Segmented by fuel type and engine size, HMRC has just published the latest rates which include a 1pence per mile rate increase for diesel fuelled cars with engines that are over 2,000cc or 1,600cc and below.
This seems really sensible, especially given the record pump prices that we are seeing at the moment; and diesel drivers feeling the brunt of it.
The only question is, why would you increase the rate for diesel cars over 2,000cc or under 1,600cc and not the cars in between?
It just seems a strange decision, especially when fuel costs are such a strain for drivers and employers alike.
The rates are reviewed every quarter so hopefully the situation will be rectified in three months time but until then many drivers will have no choice but to swallow this bitter pill.
Fuel prices are all over the headlines at the moment and have provided more of a financial strain. This is generating mounting pressure on the Chancellor and we obviously don't know what the upcoming Budget will have in store.
But in the meantime, the same rules that I always talk about apply: you can't influence the pump price but you can influence how much fuel you use and where you buy it from.
Purchasing fuel from the cheapest forecourts can make a big difference, but don't drive miles out of your way to find them.
Journey planning is also crucial, making sure to take the shortest routes at the least congested times. Fuel cards provide important support for many businesses in effectively managing fuel costs.
While cutting out unnecessary journeys (or car sharing where possible) will undoubtedly save money.
For more information on the full list of Advisory Fuel Rates, you should visit the HMRC website - www.hmrc.gov.uk.
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