Reintroduced in 2019, F1 drivers that finish in the top 10 of a race can earn an extra point by clinching the fastest lap of the Grand Prix.
This has helped bring added spice to the closing stages of Grand Prix, as teams try to take precious points off each other in the fight for the World Championship titles.
Max Verstappen recorded the most fastest laps during F1 2022 with his five to his name, and you can view the complete 2022 list right here. Keep scrolling for the 2023 results as the season unfolds.
[Zhou Guanyu - 1:33.996]
The first fastest lap award of the season went to an unlikely source in the form of Alfa Romeo driver Zhou Guanyu as the 2023 campaign got underway with the Bahrain Grand Prix.
But, because Zhou finished all the way down in P16, he did not bag himself an extra point as that reward is only reserved for drivers who finish in the top 10 of the standings.
However, it was more than just a glory run for Zhou, whose fastest lap actually took an extra point away from Pierre Gasly in the Alpine, set to be one Alfa Romeo's main midfield rivals this season. Gasly still picked up two points though having recovered from a P20 start to a P9 finish.
[Max Verstappen - 1:31.906]
Come the second round of F1 2023 it was Verstappen putting his first fastest lap of the season on the board.
Starting the Saudi Arabian GP from P15 after a driveshaft failure in Q2, Verstappen made progress through the pack, as expected, but was given a big helping hand in the form of a Safety Car, allowing him to make his first pit stop and run P4 for the restart.
Verstappen very quickly improved to P2 behind team-mate Sergio Perez, but unable to reel him in, he went on to set a new fastest lap, something which Red Bull told him they were not interested in, on his final tour of the circuit.
[Sergio Perez - 1:20.235]
Perez swept up both driver of the day and the fastest lap bonus point in Melbourne as he kept calm in the chaos to move from the back of the grid to P5.
The Mexican made short work in moving up to the grid, mixing the speed of the RB19 with an aggressive overtaking style, and with a race that was predicted to be a one-stopper, there were plenty of opportunities for fresh rubber.
Perez duly set the quickest time around the track in lap 53, little did he know there was plenty of drama left to come.
[George Russell - 1:43.370]
Running P8 as the Azerbaijan GP marched towards a conclusion, and more than a pit stop ahead of Alpine's Esteban Ocon behind, Mercedes driver Russell had nothing to lose and so would pit on the penultimate lap for a set of soft tyres, chasing the fastest lap and a bonus point.
And it was a mission which he was successful in, clocking a 1:43.370 to claim his first fastest lap award of the F1 2023 campaign.
[Max Verstappen - 1:29.708]
It was a Miami masterclass from Verstappen who used the alternate strategy, starting on hard tyres and moving to mediums, to go from P9 on the grid to victory, his route to the chequered flag including a pass on Red Bull team-mate Sergio Perez to secure the win.
And Verstappen made sure to take the full 26 points away from Miami by clocking the fastest lap of the pace on his penultimate tour of the Miami International Autodrome, a 1:29.708.
[Lewis Hamilton - 1:15.650]
In a race that had looked as though it was becoming processional, Mercedes opted to pit Lewis Hamilton to prompt an undercut - and that's when he set the fastest lap of the race around Monaco, earning his first bonus point of the season.
His 1:15.650 saw him able to close right up behind Carlos Sainz for Ferrari at the time when he eventually pitted, but the undercut was ultimately unsuccessful for Mercedes at the time.
Rain later in the race caused the field to all switch onto intermediate and wet tyres, meaning lap times slowed down and Hamilton's benchmark would not be beaten later on.
[Max Verstappen - 1:16.330]
The fastest lap for Max Verstappen during the Spanish Grand Prix completed a Grand Chelem for the race weekend for the reigning World Champion - with him having taken pole, led every lap, won the race and stolen the fastest lap point away from team-mate Sergio Perez five laps from the end.
He had only needed to manage his pace for much of the race with a comfortable lead throughout, but despite having been shown a black-and-white flag for track limits, that did not stop Verstappen from gaining the extra point towards the end anyway against the orders of his race engineer, the cheeky so-and-so.
[Sergio Perez - 1:14.481]
For Perez, though, the fastest lap will provide only a small comfort to him after losing even more ground in the World Championship title race against Max Verstappen, who recorded Red Bull's 100th win in Formula 1 and personally equalled the win record of the late, great Ayrton Senna.