Baku: The price of Azerbaijani oil of the “Azeri Light” (CIF) brand has decreased in world markets. The price of Azerbaijani oil per barrel decreased by 3.11 US dollars or 4.22% to 70.65 US dollars.

According to Azeri-Press News Agency, the previous price of Azerbaijani oil was 73.76 US dollars. This decrease comes as a notable change in the pricing of Azerbaijani oil.

It is important to note that in this year’s state budget of Azerbaijan, the average price of 1 barrel of Azerbaijani oil of the “Azeri Light” brand was calculated at 70 US dollars.