Baku: The price of Azerbaijani oil of the Azeri Light (CIF) brand has decreased on world markets, APA-Economics reports. The price of one barrel of Azerbaijani oil has decreased by 0.73 US dollars or 1.1%, amounting to 66.72 US dollars.

According to Azeri-Press News Agency, the previous price of Azerbaijani oil was 67.45 US dollars. In this year’s state budget of Azerbaijan, the average price of one barrel of Azeri Light brand oil is calculated at 70 US dollars.