BAKU, Azerbaijan, April 1. The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta on March 31 rose by $2.24 (2.95 percent) compared to the previous rate, now sitting at $78.29 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 $2.27 (3.05 percent) to $76.46 per barrel.
The price of URALS crude grew by $2.22 (3.72 percent) from the previous rate, amounting to $61.87 per barrel.
North Sea benchmark crude, Dated Brent, rose in price by $2.78 (3.73 percent) from the previous rate to $77.27 per barrel.
The official exchange rate as of April 1 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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