Baku: The price of Azerbaijani oil of the Azeri Light (CIF) brand has experienced a slight increase in the global markets. The recent adjustment sees the price of one barrel of Azerbaijani oil rising by USD 0.2 or 0.3%, bringing the current price to USD 67.86.

According to Azeri-Press News Agency, the previous price of Azerbaijani oil was USD 67.66. It is important to note that within Azerbaijan’s state budget for the current year, the average price of one barrel of Azeri Light brand oil has been calculated at USD 70.