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CHARLOTTETOWN, P.E.I. — The price of diesel in Prince Edward Island will dip after the Island Regulatory and Appeals Commission authorized yesterday the lowering of prices for fuel in the province.

The commission, which regulates prices for diesel, gas, and home heating oil, allows retailers to petition for increases or decreases. It hands out its decisions on a month-by-month basis.

Although diesel prices weren’t available, examples of the dropping of gas prices include 8.3 cents-a-litre at Ultramar and 7.3 cents-a-litre at Co-op Atlantic.

P.E.I. is currently the only province with government-regulated fuel prices.

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