MP: Azerbaijani oil sold over 10% above budgeted price in 2024

In 2024, the average price of Azeri Light oil in the global market reached $82.8 per barrel, exceeding the $75 threshold set in the state budget by 10.4%, Azer Amiraslanov, Chairman of the Committee for Economic Policy, Industries and Enterprising at the Azerbaijani Milli Majlis (Parliament) said during the first meeting of the extraordinary session of parliament, where discussions were held on the bill in its first reading.

"Last year's state budget was not only executed in conditions of macroeconomic stability, but also contributed to maintaining macroeconomic balance," he noted.