PH oil import bill hits over $5B in H1

THE country’s net oil import bill reached more than $5 billion in the first half of 2018, 19.5 percent higher than a year ago, data by the Department of Energy (DoE) showed.

Figures showed the net oil import bill, or the difference between oil imports and exports, amounted to $5.6 billion in the first six months of the year from $4.7 billion in the same period a year ago.