Baku: The price of Azerbaijani oil of the Azeri Light (CIF) brand has decreased on global markets. The price of 1 barrel of Azerbaijani oil has decreased by 1.11 US dollars or 1.73%, amounting to 63.15 US dollars.
According to Azeri-Press news agency, the previous price of Azerbaijani oil was 64.26 US dollars. It is noted that in Azerbaijan’s state budget for this year, the average price of 1 barrel of Azeri Light brand oil is calculated at 70 US dollars.