BAKU, Azerbaijan, April 25. The price of
Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian
port of Augusta on April 24 increased by $0.38 (0.56 percent)
compared to the previous rate, now sitting at $68.01 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 $0.37 (0.56 percent) to $66.27 per
barrel.
Meanwhile, the price of URALS crude grew by $0.89 (1.7 percent)
from the previous rate, amounting to $53.11 per barrel.
North Sea benchmark crude, Dated Brent, rose by $0.3 (0.45
percent) in price from the previous rate and reached $67.24 per
barrel.
The official exchange rate as of April 25 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.
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