Baku: The price of Azerbaijani oil of the Azeri Light (CIF) brand has decreased on the world markets, APA-Economics reports. The price per barrel fell by USD 1.85 or 2.38% yesterday, reaching USD 75.79.

According to Azeri-Press News Agency, the previous price of Azerbaijani oil was USD 77.64. In this year’s state budget of Azerbaijan, the average price of one barrel of Azeri Light Azerbaijani oil was calculated at USD 70.