Baku: The price of Azerbaijani oil of the “Azeri Light” (CIF) brand has increased in world markets. The price per barrel rose by 0.25 US dollars, or 0.36%, bringing it to a total of 69.73 US dollars.
According to Azeri-Press News Agency, this marks a slight increase from the previous price of 69.48 US dollars per barrel. In the current year’s state budget of Azerbaijan, the average price for a barrel of “Azeri Light” oil was calculated at 70 US dollars.