The price of Azerbaijani Azeri Light (CIF) crude oil has declined on global markets, APA-Economics reports.
The price of Azerbaijani oil fell by $3.75, or 2.85%, to $127.87 per barrel.
It should be noted that the previous price of Azerbaijani oil was $131.62 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.