Number of Barrels of Oil Smuggled into the Philippines in 2012

According to the Chairman and CEO of Petron, an estimated 36 million barrels of oil was smuggled into the Philipines in 2012. Oil industry officials also estimate that up to one-third of the oil sold on the market has been smuggled.

Source: ¬†Gil Cabacungan, “Petron hits oil smuggling,” Inquirer, April 2, 2013.