Baku: The price of Azerbaijani oil of the Azeri Light (CIF) brand has increased in the world markets. The price of one barrel of Azerbaijani oil has increased by 1.37 USD or 2.01%, reaching USD 69.49.
According to Azeri-Press News Agency, the previous price of Azerbaijani oil was USD 68.12. In Azerbaijan’s state budget for this year, the average price of one barrel of Azeri Light oil is calculated at USD 70.