The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.26, or 0.30%, to $87.53 per barrel, Report informs.
The Brent crude price traded at $85.46 per barrel.
The average oil price in Azerbaijan's state budget for 2022 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.