Baku: The price of Azerbaijani oil branded "Azeri Light" (CIF) has decreased in the world markets. The price per barrel has dropped by $0.43 or 0.62%, reaching $69.3.

According to Azeri-Press News Agency, the previous price of Azerbaijani oil was $69.73. In this year's state budget of Azerbaijan, the average price of one barrel of Azerbaijani oil branded "Azeri Light" was calculated at $70.