(Read the full article on turan.az)

The price of Azerbaijani light oil of the Azeri Light brand on the terms of CIF delivery increased by $ 1.16 to $ 77.11 per barrel, a source in the oil market told TURAN.

This is the highest cost indicator for Azeri Light since the end of April 2019.

In the state budget of Azerbaijan for 2021, the average oil price is set at $ 40 per barrel.

The cost of a barrel of Azerbaijani oil on April 21, 2020 updated the anti-record of 19 years ago, dropping to $ 15.81 per barrel.