marketing margin declined from the rise in crude oil price in Q1/2019, which caused the finished oil products cost to increase, while the retail price was slower to adjust. Moreover, with the price fix for
9% from Q2/2017. The increase in the profit is due to the rise in sales price resulted from the increase in Ft rate in Q3/2017. Also, the volume of electricity and steam sold at Rayong Central
’ measures; the subsidy to crude palm oil and crude palm kernel oil export which led to the domestic crude palm oil stock level of 200,000 tons in 2020, causing the price of crude palm oil to rise, with the
million from consecutive rise in oil price throughout the quarter. As of the end of the 28 September 2018, the price of Brent crude oil and Dubai crude oil was 83.65 $/BBL and 80.00 $/BBL, respectively. 3
price of crude palm oil to rise, with the average price of 38,000 Baht/ton in 2021, higher than that of the average price of 28,000 Baht/ton in 2020. (Source: DIT). ▪ Edible Oil’s Quantity sold in 2021
inventory management prior to the refinery’s maintenance period, while Dubai crude price were on the rise throughout the quarter. The refinery business recorded an inventory gain in the amount of THB 856
addition, a rise in fuel price can be observed. Meanwhile, Ministry of finance revealed that the inflation rate of 2017 is expected at 0.7 percent, increasing 0.2 percent from last year. Considering global
price in the quarter, inventory gain was recorded at THB 241 million ( Inventory Gain Q3/2017: THB 450 million, Q2/ 2018: THB 856 million) . However, Net marketing margin was effected by the sharp rise in
business; due to finished product price increase that coincide with the rise of global crude oil price, and total sales volume increased by 5%. Also, the company received higher revenue from the power plant
well as supply tightness due to the Polar Vortex. Additionally, the rise in crude oil price brought back IVL’s shale gas advantage in North America, improving spreads further across our IOD portfolio