Baku: The price of Azerbaijani oil of the Azeri Light (CIF) brand has seen an increase in world markets, with the current price of one barrel rising to 73.76 US dollars. This marks an increase of 1.33 US dollars, or 1.84%, from its previous price of 72.43 US dollars.

According to Azeri-Press News Agency, this adjustment in oil prices comes as part of broader market trends. It is noteworthy that Azerbaijan’s state budget for this year has set the average price of one barrel of Azeri Light oil at 70 US dollars.