Azerbaijani oil price down by nearly 3%

The price of Azerbaijan's Azeri LT CIF oil in the world market rose by $2.26, or 2.86%, to $76.72 per barrel, Report informs.

The Brent crude price traded at $73.35 per barrel.

The average oil price in Azerbaijan's state budget for 2023 was set at $50 per barrel.

The lowest price for Azeri Light was recorded on April 21, 2020 ($15.81), and the all-time high of $149.66 was fixed in July 2008.