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
sales volumes plus greater main raw material costs from higher crude oil price and tight market supply. However, the overall spread margin was improved and bring 23.9% gross profit margin comparing to
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
refinery margin increased by THB 22 Million (+1%) when compared to the same period of the previous year, as a result of an upward adjustment of crack spread between various finished products and crude oil
spread in Thailand and The government has enacted the Emergency Decree on Public Administration in Emergency Situation (Emergency Decree) and orders to close the places where there is a high risk of
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
Gross Refinery Margin (Total GRM) declined THB 971 million compared to 2018, mainly due to the following reasons: Operating GRM decreased THB 1,682 million compared to 2018. Mainly from the crack spread
gross refinery margin was 6.37 $/BBL, a decrease of 1.59 $/BBL from Q1/2017, due to Market GRM in Q1/2018 decreasing by 0.36 $/BBL, as DTD Brent/DB spread widened, essentially increasing the crude cost
from narrower DTD/DB spread. Within this quarter there was an inventory gain of THB 241 million from the increase in crude price, but there was a loss from the crude and product oil price hedging
plan Due to the worldwide outbreak spread of Covid-19, from the beginning of 2020 onwards, various countries started to use measures to control the spread of the disease in the countries. There were