Baku: The price of Azerbaijani oil of the Azeri Light (CIF) brand has increased on world markets. The price of one barrel of Azerbaijani oil went up by 0.32 US dollars, or 0.48%, reaching 66.54 US dollars.

According to Azeri-Press News Agency, the previous price of Azerbaijani oil was 66.22 US dollars. It is noteworthy that in Azerbaijan’s state budget for this year, the average price of one barrel of ‘Azeri Light’ oil is calculated at 70 US dollars.