Baku: The price of Azerbaijani oil of the Azeri Light (CIF) brand has seen a slight decrease in global markets.

According to Azeri-Press News Agency, the price of one barrel of Azerbaijani oil fell by $0.12, or 0.1%, reaching $113.85.

Previously, the price of Azerbaijani oil was $113.97 per barrel. It's worth noting that the average price of one barrel of Azerbaijani oil of the Azeri Light brand was calculated at $65 in Azerbaijan's state budget for this year.