Baku: The price of Azerbaijan's Azeri Light (CIF) crude oil has declined on global markets, APA-Economics reports. The price of one barrel of Azerbaijani crude fell by $0.64, or 0.7%, to $91.04.

According to Azeri-Press News Agency, the previous price of Azerbaijani crude stood at $91.68 per barrel. It is noteworthy that Azerbaijan's 2026 state budget was based on an average price of $65 per barrel for Azeri Light crude oil.