Baku: The price of Azerbaijani oil of the Azeri Light (CIF) brand has once again dropped to 68 dollars on world markets.
According to Azeri-Press News Agency, the price of one barrel of Azerbaijani oil has decreased by USD 0.90 or 1.3%, amounting to USD 68.12. Previously, the price of Azerbaijani oil was USD 69.02, indicating a downward trend.
In Azerbaijan’s state budget for this year, the average price of one barrel of Azeri Light oil is calculated at USD 70. The current decrease in oil prices may have implications for the budget projections and economic planning.