1. Improving Gasoline crack spread margin
2. Brent oil uptrend, so there will be potential inventory gain
3. Gov’t approves commission increase for petrol dealers
The government says that the new weekly retail price mechanism for petroleum products will not only benefit the consumer but also petrol station operators.
In a statement announcing the retail prices of fuel for the first wk of january, finance minister Lim Guan Eng said that the new pricing structure takes into account the additional commission or gas station operator margin for dealers, which was approved by the cabinet earlier this week.
Source: https://paultan.org/2019/01/04/govt-approves-commission-increase-for-petrol-dealers/
4. Maintenance is over and thus better production compare to last quarter.
Note: Just for sharing purpose, any fedback is welcomed.
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