Bonnylight Energy supplies petroleum market 20,000MT of diesel -

Bonnylight Energy and Offshore Limited, a wholly indigenous petroleum downstream and an emerging player in product storage, marketing and distribution of petroleum products has said it is supplying 20,000.00 MT of Premium Automotive Gas Oil (popularly known as diesel) into the Nigerian market.

The product lifted from Amsterdam, Netherland is poised to wet the company’s tank farms strategically located to serve key markets situated across the region through its base in Kirikiri, Ijegun, Creek Road in Lagos; Warri and Oghara in Delta State as well as Port Harcourt. Rivers State.

The product supplies come at crucial times occasioned by high consumption of diesel from corporates, transporting institutions and even households to ensure product security across all sectors.

“Bonnylight is proud to be an active member of the industry’s stakeholder community committed to the continual delivery of premium fuel that drives our fast-emerging economy amid the recession and the attendant COVID-19 pandemic era,” said Toyin Banjo, vice chairman of Bonnylight Energy and Offshore Limited.

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“Furthermore, we are poised to support the Federal Government’s efforts to revamp the energy sector and successfully steer the economy towards a fully market-led and deregulated regime of the downstream petroleum sector.”

Additionally, the inflow of Bonnylight’s 20,000.00 MT premium diesel supply will significantly aid the country’s manufacturing industry to ramp up production, post COVID-19 lull.

Based on estimations by the PPPRA of national daily petroleum consumption currently at 56 million and 14 million litres for Premium Motor Spirit – PMS (also known as petrol) and AGO, Bonnylight Energy intends to help maintain product supply stability for Nigeria’s economic recovery efforts.

Established in 2016, Bonnylight Energy and Offshore Limited is an emerging indigenous player in the premium petroleum products (including Liquefied Petroleum Gas – LPG and lubricants) storage, marketing, and distributions in Nigeria.

Isaac Anyaogu

Isaac Anyaogu is an Assistant editor and head of the energy and environment desk. He is an award-winning journalist who has written hundreds of reports on Nigeria’s oil and gas industry, energy and environmental policies, regulation and climate change impacts in Africa. He was part of a journalist team that investigated lead acid pollution by an Indian recycler in Nigeria and won the international prize - Fetisov Journalism award in 2020. Mr Anyaogu joined BusinessDay in January 2016 as a multimedia content producer on the energy desk and rose to head the desk in October 2020 after several ground breaking stories and multiple award wining stories. His reporting covers start-ups, companies and markets, financing and regulatory policies in the power sector, oil and gas, renewable energy and environmental sectors He has covered the Niger Delta crises, and corruption in NIgeria’s petroleum product imports. He left the Audit and Consulting firm, OR&C Consultants in 2015 after three years to write for BusinessDay and his background working with financial statements, audit reports and tax consulting assignments significantly benefited his reporting. Mr Anyaogu studied mass communications and Media Studies and has attended several training programmes in Ghana, South Africa and the United States