Baku: The price of Azerbaijani oil, specifically the Azeri Light (CIF), has seen a decrease in the global markets, as reported by APA-Economics. The cost per barrel has fallen by 0.84 US dollars or 1.15%, settling at 72.01 US dollars.

According to Azeri-Press News Agency, the previous price for Azerbaijani oil was recorded at 72.85 US dollars per barrel. In the state budget of Azerbaijan for the current year, the average price for one barrel of Azeri Light oil was projected at 70 US dollars.