The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has fallen by $1.11, or 1.15%, to $95.5 per barrel, Report informs.
The Brent crude price traded at $94.83 per barrel.
The average oil price in Azerbaijan's state budget for 2022 was set at $85 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.