South Africa’s national energy regulator, Nersa, said it had granted a logistics utility company, Transnet, a 23% tariff increase on its inland petroleum pipeline system, according to Reuters. Transnet had applied for a 25.8% increase on its fees to transport fuel from the coast. However, it was only granted the lower rate, as the regulator said that it was in the public interest to set this bar for the increase due to already high petroleum prices.
Transnet’s subsidiary, Transnet Pipelines, is the principal operator of South Africa’s fuel pipeline system. Transnet Pipelines owns, maintains, and operates a network of 3,800km of pipelines that transport overall 17.1b liters of petroleum annually.