Gross Refinery Margin (Total GRM) declined THB 971 million compared to 2018, mainly due to the following reasons:  Operating GRM decreased THB 1,682 million compared to 2018. Mainly from the crack spread

sales volumes plus greater main raw material costs from higher crude oil price and tight market supply. However, the overall spread margin was improved and bring 23.9% gross profit margin comparing to

China. Gasoline-Dubai crack spread (UNL95/DB), Jet (Kerosene)-Dubai crack spread (IK/DB), and Gasoline-Dubai crack spread (GO/DB) were especially affected. This turn of events have led the refinery

first half of 2020 was affected by the COVID-19 outbreak that wreaked wide spread havoc upon economies around the world. Moreover, the border closure policies, and travel limitations to control the spread

spread in Thailand and The government has enacted the Emergency Decree on Public Administration in Emergency Situation (Emergency Decree) and orders to close the places where there is a high risk of

high refining margin, leading European refineries to produce at a high rate.  Fuel Oil/Dubai crack spread (FO/DB) in 2017 averaged at -2.33 $/BBL, rose by 2.64 $/BBL when compared to 2016, this is

million to Baht 463.1 million and Gross Profit Margin increase from 35.9% to 36.0% from Gross Profit of Biomass Power Plant which increased by Baht 27.8 million mainly from gross profit from outside

/2019 the number of service stations was 1,188 locations. For the Net Marketing Margin that lowered from the previous quarter was caused by the price of finished products in the global market increasing

% comparing to Q2 2019. This diminishing was mostly caused by decrease of Epichlorohydrin’s spread margins, lower sales volume as a result of the spread of COVID-19 infection and recording of tax expense from

worldwide including Thailand to prevent the spread of Covid-19 outbreak. And the negative impact of Covid -19 pandemic on the shipping industry were getting goods stranded, not capable of being shipped in and