Bloomberg: Transnet to Raise South Africa’s Oil, Gas Pipeline Prices 6.9%

South Africa’s energy regulator approved increases for oil and gas pipelines operated by Transnet SOC Ltd. that enable the ports and rail utility to increase tariffs by 6.9 percent in the year starting April.

Allowable revenue will climb to 3.4 billion rand ($278 million) in the 12 months through March 2016 from 2.9 billion rand in the current fiscal year, the Pretoria-based regulator said in an e-mailed statement Thursday. Transnet, which applied for an 8.2 percent increase in tariffs, expects volumes to expand by 2.8 percent to 17.1 billion liters in the 2016 fiscal year, the regulator said.

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