Gas users call on regulator to intervene over ‘untenable’ 96% hike.

The Industrial Gas Users Association of Southern Africa (IGUA-SA) has described as “untenable” a 96% hike in the gas price by Sasol and has called on the energy regulator to intervene urgently to address what it describes as Sasol’s monopolistic behaviour, as well as to prevent manufacturing cutbacks and socioeconomic distress. Sasol confirms that the price of piped gas sold to its South African customers has been increased to R133.34/GJ, effective from August 1, but insists that it has shown restraint in holding back from applying the maximum price allowed under the prevailing methodology for setting domestic gas prices. <a href="https://kaya959.co.za">Kaya 959</a>