Administration (CEPA) has a resolution for adjusting the proportion of biodiesel mandatory and the spread of retail fuel price affecting to the economy and alleviating people’s suffering during the rising energy
2Q2019, mainly due to travel restriction as impact from the spread of COVID- 19. This resulted in a significantly decline in diesel consumption in 2Q2020 by 6% compare to 2Q2019. However, methyl ester
petrol station at 4,953 stations on March 31, 2020, in spite of the lower transportation during the spread of COVID- 19 outbreak. Additionally, the Government has continually stimulated biodiesel usage
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
a historic high rate of 123.5 KBD during this past September. Meanwhile, Operating GRM declined by 1.69 $/BBL from the previous year, which was affected by the crack spread of finished product and
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
first half of 2020 was affected by the COVID-19 outbreak that wreaked wide spread havoc upon economies around the world. Moreover, the border closure policies, and travel limitations to control the spread
2.87 $/BBL, the refining margin still remains on the low side due to the crack spread of finished product and reference crude oil price declining significantly. A result of severe drop in demand for fuel
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
spread between finished product and crude oil in every product category, and from the higher average crude oil price; resulting in an Inventory Gain of THB 834 million, exceeding 2016’s. Moreover, there