Fin24

Nersa OK's Transnet tariff hike

2010-03-26 12:05

Johannesburg - The National Energy Regulator of SA (Nersa) has given transport parastatal Transnet the green light to raise its tariffs for users of its fuel pipelines by 6.09%.

If the minister of energy decided to use the pipeline tariff as a proxy for the cost of transporting fuel from Durban to Johannesburg - as had been the case in the past - then the expected petrol price rise would be 0.7c per litre, Nersa said in a statement on Friday.

Transnet had initially applied for a 51.3% tariff increase to help it fund its pipeline being built between Johannesburg and Durban, Nersa said.

- Sapa