Baku: The price of Azerbaijani oil of the Azeri Light (CIF) brand has increased on world markets. The price of 1 barrel of Azerbaijani oil rose by 0.07 US dollars, or 0.1%, reaching 68 US dollars.

According to Azeri-Press News Agency, the previous price of Azerbaijani oil was 67.93 US dollars. It is important to note that in Azerbaijan’s state budget for this year, the average price of 1 barrel of Azeri Light oil is calculated at 70 US dollars.