Baku: The price of Azerbaijani oil of the Azeri Light (CIF) brand remains steady on world markets, with 1 barrel priced at 66.22 US dollars.

According to Azeri-Press News Agency, there has been no change in the price of Azerbaijani oil, which remains consistent at 66.22 US dollars per barrel.

It is noteworthy that Azerbaijan’s state budget for this year calculates the average price of 1 barrel of Azeri Light oil at 70 US dollars. This indicates a discrepancy between the current market price and the budgeted average price for the nation’s oil exports.

The consistent price of Azerbaijani oil reflects ongoing market conditions and could have implications for the country’s economic planning and revenue forecasts.