The price of Azerbaijan's Azeri Light (CIF) crude oil has increased on global markets, APA-Economics reports.
The price of a barrel of Azerbaijani oil rose by $5.14, or 4.75%, to $113.32.
Note that the previous price of Azerbaijani oil was $108.18.
Recall that Azerbaijan's state budget for this year was calculated based on an average price of $65 per barrel of Azeri Light crude oil.