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Nersa OK's Transnet tariff hike

Mar 26 2010 12:05

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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

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