The energy firm, BonnyLight Energy and Offshore Limited has announced the supply of 20,000.00 MT of Premium Automotive Gas Oil (popularly known as diesel) into the Nigerian market.
This comes following the current nosedive in the country’s refining capacity.
The firm is wholly indigenous petroleum downstream and an emerging player in product storage, marketing and distribution of petroleum products and other related services.
Also, 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.
Lifted from Amsterdam, Netherland, the product 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.
According to the Vice-Chairman of BonnyLight Energy and Offshore Limited, Mr Toyin Banjo; “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.
“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.