The price of Azerbaijan’s Azeri Light crude oil rose significantly at Italy’s Port of Augusta, AzerNEWS reports.

According to data, the price of Azeri Light crude on a CIF basis increased by $4.43, or 4.2 percent, compared to the previous figure, reaching $109.98 per barrel.

At Türkiye’s Ceyhan port, the FOB (Free on Board) price of Azeri Light crude went up by $4.52, or 4.41%, to $107.01 per barrel.

The price of URALS crude increased by $4.64, or 5.71%, to $85.85 per barrel, while Brent Dated crude from the North Sea rose by $4.13, or 4.1%, to $104.72 per barrel.

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