Baku: The price of Azerbaijani oil from the Azeri Light (CIF) brand has experienced a minor decrease in global markets. The price per barrel has dropped by 0.61 US dollars, or 0.93%, bringing it to 65.82 US dollars.

According to Azeri-Press News Agency, the previous price for a barrel of Azerbaijani oil stood at 66.43 US dollars. It is noteworthy that the current state budget of Azerbaijan for this year projects the average price of a barrel of Azeri Light brand oil to be calculated at 70 US dollars.