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 dropped by USD 0.46 or 0.67%, settling at USD 68.13.
According to Azeri-Press News Agency, the previous price of Azerbaijani oil was USD 68.59 per barrel. In Azerbaijan’s state budget for this year, the average price of one barrel of Azeri Light oil is calculated at USD 70.