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 $2.93, or 2.4%, to $125.42.
Note that the previous price of Azerbaijani oil was $122.49.
Recall that Azerbaijan's state budget for this year is based on an average price of $65 per barrel of "Azeri Light" crude oil.