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

was due to the global crude oil price volatility in the quarter. Moreover, Net Marketing Margin softened from THB 0.83 to THB 0.77 per liter, following the higher global finished oil product prices

3Q2018 3Q2017 %YoY 2Q2018 %QoQ 9M/2018 9M/2017 %YoY Methyl Ester (B100) (Baht/litre)(1) 25.11 26.34 -5% 25.03 0.3% 24.93 30.09 -17% Methyl Ester (B100) (Baht/kg.) (2) 29.03 30.45 -5% 28.94 0.3% 28.82 34.79

, 2016 in order to maintain price equilibrium of domestic CPO prices. In FY17 ME EPPO price was fallen following CPO-DIT prices dropped to 28.76 THB/liter (down 18%yoy). Comparing to 4Q16, 4Q17 demand was

to the decreasing in sales by 13.58%. The decline in crude palm oil prices has affected the selling price of biodiesel continuously since 2014 as follows: Biodiesel Year Quantities Sold (Liter) Selling

and B7, but reduced the spread retail prices at the gas stations, with B20 at -0.25 Baht/liter from B7 and B10 at -0.15 Baht/liter from B7 3) December: Adjusted the biodiesel mandatory from B7, B10 and

( including lower of cost or market (LCM) THB 689 million). Furthermore, Net Marketing Margin in 2019 declined from THB 0.78 per liter to THB 0.75 per liter, result from fluctuations of oil price throughout the

liter through continuous initiatives to increase the portion of retail sales, combined with crude price that dropped during the quarter. When compared to Q1/2019, gross profit rose 19%, mostly attributed

December 31, 2022, in order to dilute the national safety stocks of CPO that tend to increase. Since the blending help reducing the retail price of diesel for 0.05- 0.10 Baht per liter and also increase

/Litre, lowered by 5% YoY, a result from lubricant product’s rising cost compared to their stagnant price, combined with slight dips in retail marketing margin. Marketing margin decreased 1% QoQ, from