previous year; B100 product sales volume rose, as the mandated mixture of B100 product in Diesel fuel was at 7% throughout the quarter, as well as gross profit was better as the crude palm oil cost used in

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

crude in the region increased as preparations Management Discussion and Analysis of Business Operation for Q2/2019 Bangchak Corporation Plc. I 9 are made for the production of low Sulphur fuel oil before

slightly, its mixture in Diesel fuel remains at 7% the entire quarter, Gross profit improved from the cost of crude palm oil that was used in manufacturing lowered at a faster pace than the price of B100

Sulphur Fuel Oil under measures mandated by the IMO, combined with crude cost that rose from rising spread between the price of Dated Brent and Dubai (DTD/DB) average rising by 0.30 $/BBL. As well as

crude oil price surged in the quarter, marketing margin soften; attributed to the retail service station prices were unable to adjust at the same pace as the rising fuel cost. In comparison with Q4/2018

reduced Market GRM, following the decline in refinery production volume due to the TAM, as well as a decrease in average Gasoline/Dubai crack spread and Fuel oil/Dubai crack spread, and the rise in crude

price of crude and finished product to make its downward trend. With demand for fuel consumption declining across the globe, combined with the Organization of Petroleum Exporting Countries [ OPEC] and

of the virus has caused demand for consumption of fuel around the world to decline with significance. This factor is putting pressure on the price of crude and finished product to drop significantly

spread (DTD/DB), and the improvement of Fuel Oil / Dubai (FO/DB) crack spread. However, due to the crude price drop in this quarter, there was an inventory loss of THB 1,010 million, leading to an EBITDA