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 fallen by 0.07 US dollars or 0.1%, now amounting to 69.46 US dollars.
According to Azeri-Press News Agency, the previous price of Azerbaijani oil was recorded at 69.53 US dollars. This minor decline comes in the context of Azerbaijan’s state budget for the year, where the average price of one barrel of Azeri Light brand oil has been calculated at 70 US dollars.