Azerbaijani oil price increases by 2%

The price of Azerbaijan's Azeri LT CIF oil in the world market has risen by $1.67. or 2%, to $83.67 per barrel, Report informs.

The Brent crude price traded at $80.61 per barrel.

The average oil price in Azerbaijan's state budget for 2023 was set at $60 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.