Baku: The price of Azerbaijani oil on the world market has increased by more than $4, APA-Economics reports. The price of one barrel of Azerbaijani oil, known as 'Azeri Light', increased by $4.43, or 4.2%, reaching $109.98.

According to Azeri-Press News Agency, during the previous trading session, 'Azeri Light' crude was traded at $105.55 per barrel. It should be noted that the price of Azerbaijani oil was set at $65 in the state budget for 2026.