A Message from the CEO
Fuel Market Update - 30 March 2026

Dear Valued Customer,

The ongoing conflict in the Middle East continues to affect global fuel markets, with restricted movement through the Strait of Hormuz and Brent Crude pricing remaining above USD $100 per barrel. These external pressures are contributing to supply uncertainty and daily price volatility. Despite this, I want to reassure you that Bonney Energy remains well positioned to support our existing customers.

Market activity has settled in recent weeks, and the initial surge in purchasing has eased. Our weekly allocation and internal supply chain give us confidence in our ability to meet ongoing demand. At present, our supply position is as follows:

• Our weekly fuel allocation remains at 100%, which meets normal customer demand.
• We have high confidence in supply through to at least the second week of April.
• While the national position for late April and May is still being clarified due to global factors, we are actively planning for all scenarios.
• Our controlled and flexible supply chain continues to perform well, and we remain confident in our ability to keep our existing customers supplied.

We recognise the pressure that rising fuel costs and global uncertainty place on businesses and individuals. Our teams are working extended hours to keep deliveries moving and maintain service during this challenging period. We kindly ask that communication with our staff remains respectful. Our people are doing an outstanding job under difficult circumstances, and their commitment is central to ensuring we can continue providing reliable support to you.

Placing your future fuel orders through the Bonney Portal is becoming essential. It significantly reduces the manual workload for our already pressured staff and ensures your order moves into our delivery system efficiently and accurately. If you don’t yet have portal access, learn how to set it up here.

To protect continuity of supply, we have temporarily paused the onboarding of new customers so that our full focus remains on those we already support. As a reminder, Bonney Energy is a price taker, and all pricing follows Ampol’s Terminal Gate Price published each business day. While we do not influence these prices, we continue to apply them transparently.

If you have any questions, please contact your Bonney Energy representative. While the situation continues to evolve and we may not always have immediate answers, our commitment to supporting you remains unwavering. Thank you for your understanding and continued partnership during this time.

Kind regards,
Greg Niven
CEO Bonney Energy