Baku:The price of Azerbaijan's Azeri Light crude oil has decreased in the global markets.

According to Azeri-Press news agency, the cost of one barrel of Azeri Light oil has fallen by $3.93, or 3.15%, bringing the price down to $120.68. Previously, the price stood at $124.61 per barrel.

It is notable that Azerbaijan's state budget for 2026 has been planned with an average oil price of $65 per barrel for Azeri Light crude oil.