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South Africa’s Industrial Gas Users Say Sasol Price Hike Poses Risk

  • Increase will cost economy about $20 million a month: IGUA-SA
  • Sasol supplies the fuel by pipeline from fields in Mozambique
Updated on

South Africa’s economy will face a gas-supply price hike by Sasol Ltd. that will add about 325 million ($20 million) a month to the cost, according to an association of users of the fuel.

“The current gas pricing uncertainty holds risk” for the biggest buyers, the Industrial Gas Users Association of Southern Africa said in a statement Wednesday, referring to a 96% price increase that took effect Aug. 1.