Baku: The price of Azerbaijan's Azeri Light crude oil (CIF) has increased on global markets, APA-Economics reports. The price of one barrel of Azerbaijani crude rose by $3.38, or 4.34%, to $81.29.

According to Azeri-Press News Agency, the previous price of Azeri Light crude stood at $77.91 per barrel. It should be recalled that Azerbaijan's 2026 state budget is based on an average Azeri Light oil price of $65 per barrel.