Petroleum Pipelines Levies Act, 2004 (Act No. 28 of 2004)

Notice No. 4465

25 March 2024

GG 50367

Department of Mineral Resources and Energy

National Energy Regulator of South Africa

NOTICE IN TERMS OF SECTION 2(7) OF THE PETROLEUM PIPELINES LEVIES ACT, 2004 (ACT NO. 28 OF 2004)

The Minister of Mineral Resources and Energy, in concurrence with the Minister of Finance, has approved the budget and levies for the pipelines industry in terms of section 2(4) of the Petroleum Pipelines Levies Act, 2004 (Act No. 28 of 2004), as proposed by the National Energy Regulator of South Africa (NERSA), for the 2023/24 financial year.

The levy for petroleum pipelines is 0.41323 c/l, in respect of the amount of petroleum, measured in litres, delivered by importers, refiners and producers to the inlet flanges of petroleum pipelines and will be paid by the person holding the title to the petroleum immediately after it has entered the inlet flange.

The interest on late payment for petroleum pipeline levy is determined in terms of section 4(2) of the Petroleum Pipelines Levies Act, 2004.

The levy was determined based on an estimated volume of 16.3 billion litres per annum, as well as the 2023/24 Annual Performance Plan and Budget requirement of R67,344,007 for the regulation of the petroleum pipelines industry.

NERSA, acting under section 2(7) of the Petroleum Pipelines Levies Act, 2004, hereby publishes the notice on the imposition of the levies for the petroleum pipelines industry at 0.41323 c/l for the 2023/24 financial year, as approved by the Minister of Mineral Resources and Energy, in concurrence with the Minister of Finance.

Enquiries are to be directed at:  the Chief Financial Officer, Ms Bulelwa Pono, on telephone number : 012 401 4621 or at [email protected]

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Adv. Nomalanga Sithole

CHIEF EXECUTIVE OFFICER