Azerbaijani oil drops by nearly 2%

The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market decreased by $1.9, or 2%, to $93.73 per barrel, Report informs.

On the stock exchanges, Brent is traded at $90.82.

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.