Azerbaijani oil price drops more than $1

The price of Azerbaijan's Azeri LT CIF oil in the world market has fallen by $1.04, or 1.31%, to $78.43 per barrel.

The Brent crude price traded at $75.96 per barrel.

The average oil price in Azerbaijan's state budget for 2023 was set at $50 per barrel.

The lowest price for Azeri Light was recorded on April 21, 2020 ($15.81), and the all-time high of $149.66 was fixed in July 2008.

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