Baku: The price of Azerbaijan's Azeri Light crude oil has seen a decline in global markets, with a recent report indicating a reduction to $72.46 per barrel. This marks a decrease of $2.88 from its previous price of $75.34 per barrel.

According to Azeri-Press News Agency,the current pricing trend comes amid expectations outlined in Azerbaijan's 2026 state budget, which anticipates an average oil price of $65 per barrel for Azeri Light crude. The recent drop in price could have implications for the country's economic planning and revenue forecasts.