Bank Of Baku

Azerbaijani oil prices fall

Azerbaijani oil prices fall
# 24 March 2026 09:19 (UTC +04:00)

Prices of Azerbaijani oil branded “Azeri Light” (CIF) have decreased on global markets, APA-Economics reports.

The price of a barrel of Azerbaijani oil fell by $6.85 or 5.9% to $116.05.

It should be noted that the previous price of Azerbaijani oil was $122.9 per barrel.

Recall that the average price of a barrel of “Azeri Light” oil in Azerbaijan’s state budget for this year is set at $65.

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