Baku, Azerbaijan, April 26. The price of
Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian
port of Augusta on April 25 increased by $0.54 (0.79 percent)
compared to the previous rate, now sitting at $68.55 per barrel,
Trend reports,
citing a source in the country’s oil and gas market.
On an FOB basis in the Turkish port of Ceyhan, the price of
Azeri Light went up by $0.55 (0.83 percent) to $66.82 per
barrel.
Meanwhile, the price of URALS crude increased by $0.49 (0.9
percent) from the previous rate, amounting to $53.59 per
barrel.
North Sea benchmark crude, Dated Brent, rose by $0.26 (0.39
percent) in price from the previous rate and reached $67.50 per
barrel.
The official exchange rate as of April 26 is 1.7 AZN/1 USD.
The average price of a barrel of oil in the state budget of
Azerbaijan for 2025 is estimated at $70.