Azerbaijani oil price falls nearly $7

The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has decreased by $6.59 or 5.32% to $117.28 per barrel, Report informs.

Yesterday, the Brent crude price was $108.08 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.