extra demand from fuel traders under section no.7 that prepared the B10 stock for new B10 mandatory in the beginning 2020. Based on above factors, in 1Q2020, the Company had EBITDA of THB 301 million, an
adopted by countries across the world, resulting in the economy and various industrial activities to experience slowdowns. Furthermore, oil traders were still unable to export excess Gasoil from Asia to
, causing ship owners to avoid refueling bunker fuel oil in the Middle Eastern area, but to refuel from Singapore instead. Also, supplies in the region tightenesd as most traders have lowered their stocks of
% Wholesale Business Petroleum traders in accordance with section 7 236 185 178 -24% -4% 288 363 26% Export 222 203 287 29% 41% 429 490 14% Total 458 388 465 1% 20% 717 853 19% Total Sales Volume 1,908 1,928
Business Petroleum traders in accordance with section 7 260 178 170 -35% -5% 549 533 -3% Export 259 287 295 14% 3% 687 785 14% Total 519 465 465 -10% 0% 1236 1318 7% Total Sales Volume 1,902 1,969 1,883 -1
decline. Gasoline and Dubai crack spread (UNL95/DB) crack spread increased by 3.80 $/BBL compared to the average of 3.77 $/BBL in the previous quarter, with support from oil traders who were able to enact
earlier, as traders switch their reserve stocks more towards the proportion of Low Sulphur Fuel Oil which has a lower price as oppose to Diesel fuel, and stocking supplies to readily cater to the market
of Business Operation for Q1/2020 Bangchak Corporation Plc. | for market consumption, traders decided to switch their reserves to Low Sulphur Fuel Oil. Moreover, demand for Gasoil declined after
Retail 921 934 1,002 9% 7% 3,609 3,820 6% Industrial 570 483 553 -3% 14% 2,180 2,196 1% Total 1,492 1,417 1,555 4% 10% 5,789 6,016 4% Wholesale Business Petroleum traders in accordance with section 7 258
% Industrial 517 501 489 -5% -2% Total 1,514 1,526 1,521 0.5% -0.3% Wholesale Business Petroleum traders in accordance with section 7 151 149 138 -9% -8% Export 199 334 246 23% -26% Total 350 483 383 10% -21