Baku: The price of Azerbaijan's Azeri Light (CIF) crude oil has decreased on global markets as reported by APA-Economics. The price of one barrel of Azerbaijani crude fell by $5.05, or 5.2%, to $91.68.

According to Azeri-Press News Agency, the previous price of Azerbaijani crude stood at $96.73 per barrel. Notably, Azerbaijan's 2026 state budget is based on an average Azeri Light oil price of $65 per barrel.