Average price of Azeri Light oil exceeds $73 per barrel over eight months

The average price of Azeri Light oil in January–August 2025 reached $73.1 per barrel, which is 4.4% higher than the figure set in Azerbaijan"s state budget for the current year ($70/barrel).

According to Report, the highest price of Azeri Light this year was recorded in January ($81.3 per barrel), while the lowest was in May ($66.3).

For reference, the average export price of Azeri Light oil in 2024 was about $84 per barrel.

The Azerbaijani government has set the average export price of Azeri Light oil for 2026 at $65 per barrel.