Azerbaijani oil prices increase

The price of Azeri LT CIF Augusta increased by $1.32 amounting to $87.90 per barrel on February 13, Azernews reports.

It is worth noting that the lowest price of Azeri Light oil was recorded on April 21, 2020 (US$15.81), and the maximum price was recorded in July 2008 (US$149.66).

In 2022, the "Azeri Light" (CIF) brand oil's average selling price of one barrel was 103.58 US dollars. Last year, "Azeri Light" (CIF) oil increased in price by 44.6% compared to 2021.