Baku:The price of Azerbaijan's Azeri Light crude oil has experienced a slight increase in global markets, as reported by APA-Economics. The current price per barrel now stands at $106.84, reflecting a modest rise of $0.03, or 0.03%, from the previous figure of $106.81.

According to Azeri-Press news agency, this increase comes amid a backdrop where Azerbaijan's state budget for the year is predicated on an average price of $65 per barrel for Azeri Light crude oil. This budgetary benchmark highlights the significance of the current market price in relation to the country's economic planning.