Baku: The price of Azerbaijan's Azeri Light crude oil (CIF) has seen an increase on world markets. The price of one barrel of Azerbaijani oil rose by $2.89, reaching $82.95.

According to Azeri-Press News Agency, the previous price of Azerbaijani oil was $80.06 per barrel. It is noteworthy that Azerbaijan's 2026 state budget was planned with an average oil price of $65 per barrel for Azeri Light crude.