Baku: The price of Azerbaijani oil, specifically the Azeri Light brand (CIF), has seen an increase in the global markets. The current price of a barrel of Azerbaijani oil rose by 0.15 US dollars, marking a 0.23% increase to reach 64.26 US dollars.

According to Azeri-Press News Agency, the previous price for a barrel of Azerbaijani oil was recorded at 64.11 US dollars. This change, although slight, reflects ongoing fluctuations in the oil market.

It is important to note that for the current fiscal year, Azerbaijan’s state budget has calculated the average price of one barrel of Azeri Light oil at 70 US dollars. This highlights a difference between the budgeted price and the current market price of Azerbaijani oil.