consumption to decline. Especially, from the tourism sector and airlines had to suspend services. With the culmination of events being the declaration of the state of emergency and social distancing policies
from slow investment from private sector and export sector. Additionally, Thailand’s tourism has shown slow pace from a drop in international tourist arrival, especially Chinese tourists (Source: The
service stations. Also, within this quarter, diesel sales volume to agriculture sector increased. Aside from this, the company launched Hi Premium Diesel S, an innovative premium quality diesel in response
from late 2018; particularly, the Gasoline-Dubai crack spread (UNL/DB), Jet (Kerosene)-Dubai crack spread (IK/DB), and the Gasoil-Dubai crack spread (GO/DB), causing the refinery business’s market gross
. Jet (Kerosene)/Dubai crack spread (IK/DB) in Q3/2017 was on average 13.13 $/BBL, an increase of 2.01 $/BBL, when compared to Q3/2016, a result of tightening supplies due to emergency shutdown of various
government sector introducing stimulus packages, which would cause demand for fuel consumption in the industrial and transport sector to increase. Moreover, the excess of crude oil supply trends to decrease
1.35 $/BBL compared to Q3/ 2 0 1 7 due to pressures from demand in the tourism travel sector during the summer, therefore increasing the amount of air travel. Jet (Kerosene) / Dubai crack spread
refineries that received new rounds of finished product export quota at the beginning of the year, and a refinery recommencing operation after a fire incident that occurred during the middle of Q3/2017. Jet
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
even though there was a slowdown in the last month of December 2018 due to decelerating of exporting sector and the world economy, compared with the previous quarter. The revenues from agricultural