With the Covid-induced demand crash last year, the country’s aggregate oil import bill slowed down by a significant 46.2 percent to $6.371 billion from a comparatively whopping $11.838 billion in 2019.             The Department of Energy’s Oil Industry Management Bureau (DOE-OIMB) attributed the glaring reduction “to the combined effects of lower ...

Source: Manila Bulletin (https://mb.com.ph/2021/05/17/ph-cuts-oil-imports-by-46-2/?utm_source=rss&utm_medium=rss&utm_campaign=ph-cuts-oil-imports-by-46-2)