Azerbaijani oil price down by almost $4

The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has decreased by $3.89 or 4.15% to $89.81 per barrel, Report informs.

Yesterday, the Brent crude price traded at $90.46 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.