Baku: The price of Azerbaijani Azeri Light (CIF) crude oil has increased on world markets, as reported by APA-Economics. The price per barrel of Azerbaijani crude oil rose by 1.3%, or $0.99, reaching $77.37.

According to Azeri-Press Nws Aency, the previous price of Azerbaijani crude oil was $76.38 per barrel. It is noteworthy that the average price of one barrel of Azeri Light crude oil was set at $65 in Azerbaijan's state budget for this year.