The price of Azerbaijani oil of the Azeri Light (CIF) grade has increased on global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil rose by $0.81, or 0.62%, to $131.62.
Note that the previous price of Azerbaijani oil was $130.81 per barrel.
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.