Nz Mileage Rate 2024. The rates are $1.04 for petrol, diesel, hybrid and. While the rates have increased, many will be surprised the rate increase was not higher, given the price of petrol.

The tier 1 rates reflect an overall increase in vehicle running costs largely due to fuel costs. If you are a sole trader or qualifying close company and use the kilometre rate method to claim business vehicle costs, this new rate applies for the 2024 year, that is,.