OTTAWA – Despite Liberal attacks, Canada’s budget watchdog is standing by his office’s analysis showing a rise in the cost of gasoline from Ottawa’s new fuel regulations, insisting that it is not his job to help promote government policies.
The Parliamentary Budget Officer released on Thursday a distributional analysis of the Clean Fuel Regulations (CFR), showing how the new Liberal policy will increase the price of gas and diesel when the program is fully implemented by 2030. The PBO estimated that at the national level, in 2030, the cost of the CFR to households would range from $231 for lower-income households to $1,008 for higher-income households.
His analysis also showed that the impact will mostly be felt by lower-income households for whom the price difference represents a larger share of their disposable income. As a result, the PBO called the CFR “broadly regressive.”