Azerbaijani oil price drops more than $3

The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has fallen by $3.6, or 3.69%, to $93.89 per barrel, Report informs.

On the stock exchanges, Brent is traded at $91.28.

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.