The price of Azerbaijani Azeri Light crude oil based on CIF in the Italian port of Augusta on May 7 stood at $84.55 per barrel, down $0.72 from the previous indication, Azernews reports, citing the source from the country's oil and gas market.

It should be noted that the lowest price of "Azeri Light" oil was recorded on April 21, 2020 (US$15.81), and the maximum price was recorded in July 2008 (US$149.66).