The price of Azerbaijan's Azeri Light (CIF) crude oil has increased on global markets, APA-Economics reports.
The price of Azerbaijani oil rose by $2.80, or 2.8%, to $102.68 per barrel.
Note that the previous price of Azerbaijani oil was $99.88 per barrel.
As a reminder, Azerbaijan's state budget for this year assumes an average price of $65 per barrel for Azeri Light crude oil.