use shift command with goto, shift would copying each parameter into the previous one, %3 to %2, %4 to %3, etc. and leave %0 and %1 unaffected.
@echo off
set path=%~d0%~p0
:start
rem "%path%pngquant.exe" --force --verbose 256 %1
echo %1
shift
if NOT x%1==x goto start
pause