Azerbaijani oil price drops

The price of Azerbaijan's Azeri LT CIF oil in the world market has fallen by $0.47, or 0.53%, to $88.44 per barrel, Report informs.

Yesterday, Brent crude futures traded at $85.69 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.