Baku: The price of Azerbaijan's Azeri Light crude oil (CIF) has increased on global markets. The price of one barrel of Azeri Light rose by $5.22, or 6.42%, to $86.51.

According to Azeri-Press News Agency, the previous price of Azerbaijan's crude oil stood at $81.29 per barrel. It should be noted that Azerbaijan's 2026 state budget is based on an average Azeri Light oil price of $65 per barrel.