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“If the minister of energy decides to use the pipeline tariff as a proxy for the cost of transporting fuel from Durban to Johannesburg, as has been the case in the past, the consequent petrol price rise is expected to be four cents per litre,” Nersa said in a statement.

Petrol is already due to increase by 28 cents a litre in April.

Finance Minister Pravin Gordhan announced in his Budget that the general fuel levy on petrol and diesel would increase by 20 cents a litre and the Road Accident Fund would increase by eight cents a litre. In light of Nersa’s announcement, it could now increase by 32 cents a litre in Gauteng. This did not take into account possible fuel price increases to be announced by the Central Energy Fund at the end of March.

The new pipeline tariffs apply from April 2012 to April 2013.

Transnet had applied for an 83.3% increase in its allowable revenue that would have resulted in a 12.5 cents a litre increase in inland petroleum product prices.   It wanted this large increase to help pay for its new multi-product pipeline (NMPP).

“Transnet has raised significant debt to fund its NMPP project and it sought substantial additional funding to satisfy ratings agencies that it had sufficient revenue to cover its debt repayments,” Nersa said.

Nersa had published a draft tariff determination for public comment proposing a 76.7% increase in allowable revenue. 

“There was strong opposition from many quarters to an increase of this magnitude.”  Nersa had weighed various factors, including the public interest, regulatory certainty, the NMPP project reaching its peak and current and future debt funding.

“Consequently, Nersa has set petroleum pipeline tariffs that will allow Transnet to realise a 31.6% increase in allowable revenue compared to the 2011/12 tariff period.”

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Wed Jun 19 15:41:53 SAST 2013 ::

Mar 16, 2012

MommaC

aaaagh it never stops, does it?
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Mar 16, 2012

LLCool

Life is hard.......
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Mar 16, 2012

maneater

haaaau kodwa senzeni e Gauteng?????
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Mar 16, 2012

1WithAll

Testing
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Mar 16, 2012

1WithAll

Censorship?????
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Mar 16, 2012

1WithAll

Why are keywords that are not violating your terms being Censored??? When I something like "Testing it gets through, but when I use certain other words I get the following: "Error 503 Service Unavailable

Service Unavailable
Guru Meditation:

XID: 291045414

Varnish cache server"
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Mar 16, 2012

1WithAll

Testingggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggg!
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Mar 16, 2012

1WithAll

Censorship is alive and well in SA!
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Mar 16, 2012

MorenaWaPolelo

Tjessess leaving in this province is kaaak expensive this system of kaaaak en betaal will never end fokkkk!!!!
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Mar 16, 2012

Phunyukabemphethe

You can run but you cannot hide you pocket from this government
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