buses and other public transportations, by extending price subsidies on B20 to be cheaper than B7 at 5 Baht/litre by State Oil Fund from the end of February 2019 to the end of May 2019 and accelerating to
in public buses, and fleet trucks by price subsidies on B20 to be lower than B7 by 3 Baht/liter through State Oil Fund, more encouraging public to use B20 by increasing price subsidies on B20 from 3
the guaranteed price of palm fresh fruit brunch at 4 Baht/ kg. and encouraged biodiesel B10 and B20 consumption as fuel options throughout the year by using the State Oil Fund to subsidize the price of
losses on inventories devaluation [NRV] THB 1,689 million] . And, due to the state of the price of crude oil declining significantly, the company recorded loss on impairments in assets under the
state of decline in oil price and natural gas price. 9 Management Discussion and Analysis of Business Operation for Q2/2020 Bangchak Corporation Plc. | Summary of the Company and its subsidiaries
. Refinery business in this quarter recorded inventory loss in the amount of THB 107 million (including lower of cost of market (LCM) THB 15 million) due to the state of crude oil price volatility in the
inventory loss in the amount of THB 2,517 million (including lower of cost or market (LCM) THB 689 million), the quarter was marred under a state of abrupt decline of oil price in the global market during
referenced crude oil price of every products; stemming from a state of excess supplies of finished products in the market, and declining demand from the 4 Management Discussion and Analysis of Business
oil price is further backed by concerns over supply after the replacement of the US Secretary of State, creating tension that the US may revisit its sanction policy on Iran with respect to the country’s
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