Modern.az

Azerbaijani oil by nearly 4 dollars depreciated

Azerbaijani oil by nearly 4 dollars depreciated

Economy

5 March 2026, 09:34

The price of 1 barrel of Azerbaijani oil of "Azeri Light" brand decreased by 3.87 US dollars.

Modern.az reports that, in the world market, the price of 1 barrel of Azerbaijani oil of "Azeri Light" brand decreased by 3.87 US dollars or 4.7 %, amounting to 82.29 US dollars.

In Azerbaijan's state budget for this year, the average price of one barrel of oil was calculated at 65 US dollars.

It should be recalled that the lowest price of "Azeri Light" oil was recorded on April 21, 2020 (15.81 US dollars), and its maximum price in July 2008 (149.66 US dollars). 

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