The price of Azerbaijani Azeri Light (CIF) crude oil has increased on global markets, APA-Economics reports.
The price of Azerbaijani oil rose by $8.04, or 6.42%, to $133.23 per barrel.
Note that the previous price of Azerbaijani oil stood at $125.19 per barrel.
Recall that Azerbaijan's state budget for this year is based on an average price of $65 per barrel of Azeri Light crude oil.