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  "path": "/lifestyle/cars/hmrc-costs-petrol-diesel-electric-car",
  "publishedAt": "2026-03-22T06:00:03.000Z",
  "site": "https://www.gbnews.com",
  "tags": [
    "Stonehenge tunnel scrapped by Labour despite £180MILLION being spent - 'Huge blow'",
    "Parking operator NCP collapses and places 340 car parks at risk - full list of potential closures",
    "Drivers ditch big brands for cheaper Chinese models as net zero plans favour foreign cars",
    "The GB News Editorial Charter"
  ],
  "textContent": "\n\n\nDrivers are being warned of costs that could soar in the coming weeks and months as the price of fuel continues to skyrocket in response to the conflict in the Middle East.\n\nThe global price of oil remains above $110 (£82) as the United States and Israel continue strikes against Iran, prompting fears around the skyrocketing price of petrol and diesel.\n\n###\n\n\n\n\nThe conflict in Iran will likely continue for the foreseeable future, especially as US President Donald Trump promises to escalate the conflict by sending more troops to the Middle East.\n\nGiven that Iran has closed access to the Strait of Hormuz, which carries around one-fifth of the world's supply of oil, prices have risen dramatically since the killing of Iran's Supreme Leader Ayatollah Ali Khamenei at the end of February.\n\n###\n\n\n\n\nTRENDING\n\nStories\n\nVideos\n\nYour Say\n\n###\n\n\n\n\nData from RAC Fuel Watch shows that drivers are currently paying 144.51p per litre for petrol, while diesel motorists are forking out an average of 166.24p.\n\nIn the three weeks following strikes on Tehran, petrol prices in the UK have jumped by 11.7p, while diesel drivers have witnessed fuel costs soar by 16.8 per cent, or 23.9p per litre.\n\nSimon Williams, head of policy at the RAC, warned that prices are likely to rise further over the coming weeks, potentially hitting 150p for petrol and £1.80 for diesel by Easter in early April.\n\nAlongside high prices at the pumps, many motorists with company cars could see prices soar, based on new rates from HM Revenue and Customs.\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nHMRC releases new advisory fuel rates (AFRs) four times per year, with the most recent update coming at the start of March.\n\nThese rates are used to reimburse employees for business travel in their company cars, or if a business needs employees to repay the cost of fuel used for private travel.\n\nPetrol and diesel rates are calculated using the latest fuel prices from the Department for Energy Security and Net Zero (DESNZ), and with costs soaring, the next update could see rates hiked.\n\nGB News has rounded up the most recent update to the advisory fuel rates ahead of the next change, which is currently scheduled for June 1, 2026.\n\n### LATEST DEVELOPMENTS\n\n\n\n\n  * Stonehenge tunnel scrapped by Labour despite £180MILLION being spent - 'Huge blow'\n  * Parking operator NCP collapses and places 340 car parks at risk - full list of potential closures\n  * Drivers ditch big brands for cheaper Chinese models as net zero plans favour foreign cars\n\n\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\n### Advisory fuel rates per mile from March 1, 2026\n\n#### Petrol\n\nEngines up to 1,400cc - 12p\n\nBetween 1,401cc and 2,000cc - 14p\n\nOver 2,000cc - 22p\n\n#### Diesel\n\nEngines up to 1,600cc - 12p\n\nBetween 1,601cc and 2,000cc - 13p\n\nOver 2,000cc - 18p\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\n#### Electric\n\nHome charger - 7p\n\nPublic charger - 15p\n\n#### Liquefied Petroleum Gas (LPG)\n\nEngines up to 1,400cc - 10p\n\nBetween 1,401cc and 2,000cc - 11p\n\nOver 2,000cc - 19p\n\n###\n\n\n\n\n\n\n\n\n\n\n**Our Standards: The GB News Editorial Charter**",
  "title": "HMRC update launching soon could see costs soar for petrol, diesel and electric car owners"
}