Baku:The price of Azerbaijani oil on the global market has declined again, now falling below $101 per barrel. The latest figures indicate that the price of a barrel of Azerbaijani Azeri Light crude oil decreased by $6.56, or 6.10%, settling at $100.90.

According to Azeri-Press news agency, the drop follows a previous trading price of $107.46 per barrel for Azerbaijani oil.

It is noteworthy that the state budget of Azerbaijan for the year 2026 is based on an average oil price of $65 per barrel.