Oil spills cause P4.93 billion in damage in 2023

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“The reported oil spill in various regions resulted in damages in the agriculture sector,” the PSA said. Other examples of human-induced events that figure in the data are vehicular accidents, mining incidents, and sea mishaps. Damage caused by natural events and disasters was pegged at P24.49 billion, 17.5% lower from 2022’s P29.68 billion.

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