Baku: The price of Azerbaijani oil of the “Azeri Light” (CIF) brand has increased in world markets, APA-Economics reports. The price per barrel of Azerbaijani oil rose by 0.29 US dollars, or 0.44%, reaching 66.34 US dollars.

According to Azeri-Press News Agency, the previous price of Azerbaijani oil was 66.05 US dollars. It is noteworthy that the current year’s state budget of Azerbaijan estimated the average price of 1 barrel of Azerbaijani oil of the “Azeri Light” brand to be 70 US dollars.