On March 13, the barrel of Azerbaijani oil branded "AzeriLight" is being sold for 105.58 dollars.
Medianews.az reports that this is 40.50 dollars above the price planned in the budget.
In Azerbaijan's 2026 budget, one barrel of oil is priced at 65 dollars.
"AzeriLight" started January at 65.71, February at 69.72, and March at 79.60 dollars.
The price of oil has rapidly increased amid the wave of military operations conducted by the US and Israel against Iran since February 28.
The international coalition of exporters has set Azerbaijan's daily crude oil production norm at 551 thousand barrels.
Including condensate, oil production was 50.8 million tons in 2010, 50.4 million tons in 2009, 45.6 million tons in 2011, 44.5 million tons in 2008, 43.5 million tons in 2013, 43.4 million tons in 2012, 42 million tons in 2014, 41.6 million tons in 2015, 41 million tons in 2016, 38.8 million tons in 2018, 38.7 million tons in 2017, 37.4 million tons in 2019, 34.6 million tons in 2021, 34.5 million tons in 2020, 32.6 million tons in 2022, 30.2 million tons in 2023, 29.1 million tons in 2024, 27.7 million tons in 2025, and 2.3 million tons in January 2026.
In the 21st century, the lowest price of "AzeriLight" oil was recorded on April 21, 2020 (15.81 dollars), and the highest price was recorded in July 2008 (149.66 dollars).