In 2021, net sales of petroleum businesses were Baht 160,626 million increasing by Baht 59,197 million or 58% from that in 2020. This was mainly because of a 60% increase in the average selling prices following the rising crude oil price versus a 2% decrease in the sales volume, from 61.09 to 60.10 million barrels. The drop in the sales volume was mainly from Naphtha and Lube Base Oil, while the sales volume of Diesel and Asphalt improved. In 2021, the proportion of domestic and export of petroleum products was 59:41 being similar to that in 2020. The export products in 2021 were mostly shipped to Singapore, Cambodia and Malaysia respectively. In 2021, net sales of petroleum businesses increased by 58% from that in the previous year as the average selling prices increased by 60% following the rising crude oil price, while the sales volume was down by 2%. 1.1.4 Petroleum Sales Breakdown 1.1.5 Petroleum Products Spread Products 2021 2020 Local Export Local Export Refinery 62% 38% 62% 38% Lube Base Oil 41% 59% 41% 59% Total 59% 41% 59% 41% Average Price 2021 2020 %Change Dubai Crude Oil (USD/bbl) 69.24 42.21 64% Petroleum (USD/bbl) Naphtha-Dubai 1.4 (1.8) 178% ULG95-Dubai 11.1 4.4 152% Gas Oil 0.05%S-Dubai 6.7 6.1 10% FO 180 3.5%S-Dubai (4.9) (3.0) (63%) Lube Base Oil (USD/MT) 500SN-FO 180 3.5%S 845 389 117% 150BS-FO 180 3.5%S 1,234 514 140% Asphalt-FO 180 3.5%S (11) 38 (129%) 166 IRPC PUBLIC COMPANY LIMITED 56-1 ONE REPORT 2021
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