Azerbaijani oil price drops

Tural Ibadli
Author

The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has decreased by $4.82 or 4.11% to $112.33 per barrel, Report informs.

Yesterday, the Brent crude price was $111.44 a barrel.

The average oil price in the state budget of Azerbaijan for 2022 was set at $50 a 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.

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