Baku: The price of Azerbaijani oil of the Azeri Light (CIF) brand has decreased in world markets.

According to Azeri-Press News Agency, the price per barrel of Azerbaijani oil has dropped by 0.08 US dollars, or 0.12%, bringing the new price to 66.28 US dollars.

The previous price of Azerbaijani oil was recorded at 66.36 US dollars per barrel. It is important to note that in Azerbaijan’s state budget for this year, the average price of one barrel of Azerbaijani oil of the Azeri Light brand was projected at 70 US dollars.