400,000 tons. In the meantime, the measurements to stimulate domestic consumption of palm oil were rarely impact; for example, cooperating with EGAT to purchase crude palm oil as fuel for power generation
global crude oil price, and gross profit of power plant business declined from the lower electricity generated. 3. Other income THB 891 million, primarily from BCPG Plc. recorded profit from selling of
still affected by the oil price volatility in the global market. Despite the crude oil price recovery, the average crack spread between finished product and referenced crude oil price continues to decline
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
resolution previously approved on May 7, 2019, EGAT was assigned to purchase additional 200,000 tons of crude palm oil, which total 66,250 tons was purchased and used in power generation. In addition, in
remains high, and gross refinery margin improved from the increase of crack spread for all products, along with a record of inventory gain from rising average crude oil price during the quarter. Marketing
to an inventory gain of THB 856 million. However, there was a loss from crude and product oil price hedging contract at THB 75 million. Furthermore, the refinery planned to manage the stocks of
market, where the oil business is in on a downward trajectory following slowing global economy due to the trade war between the US and China. The Dubai crude price in 2019 averaged at 63.51 $/BBL, a
effect of the widened Crude premium over Dubai, as well as the lowered oil product spread over crude oil price. There was an Inventory Loss of THB 70 million, and GRM hedging loss. Marketing Business Group
affected by the year round global oil price fluctuation, especially in the last quarter which oil price plunged drastically. Moreover, the refinery recorded lower crude run due to its 45 days turnaround