Hi Nasimjon,
It appears you are attempting to upgrade Basic Public IP address attached to VM to Standard Public IP. Please let me know if my understanding is incorrect.
Below instructions are for converting Basic Dynamic to Standard. Based on your screenshot you have already switched to Static so you will be able to skip step#1 and step#2, but it is good to review them regardless.
1. Please navigate to the Basic Public IP address -- Settings -- Configuration, select Static, click Save.
After several seconds you should see notification in upper right corner saying that it saved public IP changes.
A message will show up at top saying that "This public IP address can't be updated because it is associated to the IP configuration..", that's normal.
2. Click on Overview blade on left, next click on Properties tab and verify it still says Static. Hit F5 to refresh the page, and double-check Properties tab again (still should say Static).
3. Now you are ready to click Dissociate, make note of your VM's network interface name, then click Yes to confirm. Network activity from public Internet to your VM will be interrupted at this point.
4. Once that's done click the Upgrade to Standard SKU link at top, check box and Yes. Typically only takes seconds to upgrade, look for notification in upper right.
5. When upgrade has finished, click Associate , select Resource type: Network interface and select your VM's network interface from the dropdown, and click OK. This is where the note you made above with your VM's network interface name may be helpful.
Please click Accept Answer and upvote if the above was helpful.
Thanks.
-TP