The Competition Tribunal has interdicted Sasol from increasing its gas prices for the next six months, unless it gets a nod from the energy regulator, pending the conclusion of a probe into excessive pricing.
The tribunal on Thursday announced in a statement it had granted an interim relief application brought by the Industrial Gas Users’ Association of Southern Africa , preventing Sasol Gas from increasing the price of piped natural gas above R68.39 per gigajoule. The industrial users thereafter approached the tribunal for interim relief. The tribunal adjudicates matters referred to it by the commission, which is the investigative and enforcement body, while the Competition Appeal Court reviews tribunal decisions.
The tribunal has, however, concluded that the Competition Act and the Gas Act create a system of concurrent jurisdiction, and that IGUA-SA had shown prima facie that an increase to Sasol Gas’ price for natural gas would result in an excessive price.
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Source: News24 - 🏆 4. / 80 Read more »