Baku: The price of Azerbaijan's Azeri Light (CIF) crude oil has decreased on global markets, APA-Economics reports. The price per barrel of Azerbaijani oil fell by $1.44, or 2.1%, reaching $68.92. Previously, Azerbaijani oil was priced at $70.36 per barrel.

According to Azeri-Press News Agency, Azerbaijan's 2026 state budget is calculated based on an average oil price of $65 per barrel for Azeri Light crude.