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How much per mile in petrol

Discussion in 'Time Out' started by tony84, Nov 5, 2011.

  1. tony84

    tony84 UKBF Regular Free Member

    Posts: 3,706 Likes: 565
    I was at my grandads the other day and we were talking about the cost of petrol and how in his day.... lol

    It got me thinking how much it costs me per mile as i should probably have a rough idea of this seen as im self employed and my accountant says i can claim back some of the money.

    So i was thinking how do i work this out.

    I thought it would be Price per ltr x 4.5 (litres in a gallon) / number of miles to the gallon?

    Is that correct?
  2. FreelanceSoftwareDeveloper

    FreelanceSoftwareDeveloper UKBF Contributor Free Member

    Posts: 1,562 Likes: 348
  3. tony84

    tony84 UKBF Regular Free Member

    Posts: 3,706 Likes: 565
    i understand that, thats what got me thinking how much it actually costs me per mile.

    From what i can gather it only costs me about 15-20p per mile.

    Im curious as to why i can claim back double that.
  4. wilwong1971

    wilwong1971 UKBF Contributor Free Member

    Posts: 1,677 Likes: 818
    I believe the extra covers wear and tear of the vechicle too.
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