Azerbaijani oil has become more expensive

The price of one barrel of Azerbaijani Azeri Light crude oil on the world market rose by $0.93 or 1.33% - to $70.7.

Report was informed by a source on the oil market.

At the close of trading, the price of April Brent crude oil futures was $71.4.

At the Turkish port of Ceyhan, the price per barrel of Azerbaijani Azeri Light crude oil on an FOB basis rose by $0.92 or 1.37%, reaching $68.19.

In Azerbaijan's state budget for this year, the oil price is set at $65 per barrel.