Formula One drivers will be awarded a point for the doing the fastest lap in each race, starting from the season-opening race in Melbourne on 17th of March.
Similar to Formula E, the point will only be awarded if the driver with the fastest lap actually finishes the race in the top 10.
According to Autonews, the ruling has been approved by the Sporting Working Group and the Strategy Group. However, it still needs to be passed by an e-vote of the Formula 1 Commission.
This is not actually a new rule as a similar rule was in place during the first 10 years of Formula 1 in the 1950s.