Baku:The price of Azerbaijan’s Azeri Light crude oil has seen a significant increase on global markets, reaching $126.16 per barrel. This represents a rise of $3.88, or 3.17%, from its previous price of $122.28 per barrel.
According to Azeri-Press news agency, the state budget of Azerbaijan for the current year was calculated with an average oil price of $65 per barrel of Azeri Light. The recent surge in price marks a substantial deviation from this budgeted figure.