Algeria has set the market price for crude oil at $70 a barrel through 2023-2025, state news agency (APS) said on Sunday, citing the 2023 budget approved earlier in the day by President Abdelmadjid Tebboune.
The budget set the reference price for crude oil at $60 a barrel during the same period.
The North African country expects inflation to reach 5.1% and sees economic growth at 4.1% in 2023, APS said.
Source: Reuters (Reporting By Moaz Abd-Alaziz and Nayera Abdallah)