The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.98, or 1.12%, to $86.72 per barrel, Report informs.
The Brent crude price traded at $85.38 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.