The price of Azerbaijan's Azeri LT CIF oil in the world market has increased by $1.19, or 1.36%, to $88.76 per barrel, Report informs.
March futures for Brent crude were traded at $82.89 per barrel.
The average oil price in Azerbaijan's state budget for 2023 was set at $60 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.