BAKU, Azerbaijan, March 28. The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta on March 28 fell by $0.23 (0.3 percent) compared to the previous rate, now sitting at $76.06 per barrel, TurkicWorld 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 down by $0.14 (0.25 percent) to $74.23 per barrel.
The price of URALS crude decreased by $0.25 (0.41 percent) from the previous rate, amounting to $59.61 per barrel.
North Sea benchmark crude, Dated Brent, was $0.39 (0.52 percent) less than the previous rate, at $74.49 per barrel.
The official exchange rate as of March 27 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.
