Baku: The price of Azerbaijani oil under the ‘Azeri Light’ (CIF) brand has decreased in global markets, APA-Economics reports. The price of Azerbaijani oil per barrel fell by $0.34, or 0.55%, reaching $61.83.

According to Azeri-Press News Agency, the previous price of Azerbaijani oil was $62.17 per barrel. It is important to note that in this year’s state budget, the average price of Azerbaijani oil per barrel under the ‘Azeri Light’ brand was calculated at $70.