Baku: The price of Azerbaijani oil Azeri Light (CIF) brand has fallen on world markets, APA-Economics reports. The price of 1 barrel of Azerbaijani oil decreased by $1.84 or 2.6% to $69.39.

According to Azeri-Press News Agency, the previous price of Azerbaijani oil was $71.23. In this year’s state budget of Azerbaijan, the average price of 1 barrel of Azerbaijani oil of the Azeri Light brand was calculated at $70.