Azerbaijani oil price drops by 4%

The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $3.83, or 4%, to $91.71 per barrel, Report informs.

Brent crude was traded at $88.02 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.