BAKU, Azerbaijan, April 1. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, moved up by $4.3, or 3.36%,
on March 31 from the previous level, coming in at $132.35 per
barrel, a source in the oil market told Trend.


At Türkiye’s Ceyhan port, the FOB (Free on Board) price of Azeri
Light crude increased by $4.5, or 3.72%, to $125.55 per barrel.


The price of URALS crude went up by $3.46, or 3.64%, to $98.56
per barrel, while Brent Dated crude from the North Sea rose by
$3.75, or 3.04%, to $127.24 per barrel.







Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.