Azerbaijani oil price rises by about 4%

The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $3.19, or 3.5%, to $94.42 per barrel, Report informs.

Brent crude was traded at $87.77 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.