Baku: The price of Azerbaijani oil of the Azeri Light (CIF) brand has decreased on world markets. The price of one barrel of Azerbaijani oil has dropped by 1.62 US dollars or 2.13%, settling at 74.40 US dollars.
According to Azeri-Press News Agency, the previous price of Azerbaijani oil was 76.02 US dollars. It is noteworthy that in this year’s state budget of Azerbaijan, the average price of one barrel of Azeri Light oil is calculated at 70 US dollars.