Baku: The price of Azerbaijani oil of the Azeri Light (CIF) brand has decreased on world markets, with the current price of one barrel dropping to $69.86. This marks a reduction of $0.79 or 1.12% from the previous price of $70.65. According to Azeri-Press News Agency, Azerbaijan's state budget for this year had calculated the average price of one barrel of Azeri Light oil at $70. The recent decrease in oil prices poses potential implications for the country's economic planning and budgetary expectations.