With Canadian gas prices continuing to hit historic highs, the Trudeau government has quietly rolled out a latticework of new fuel standards that are expected to permanently raise gas prices by an amount equivalent to the federal carbon tax.
An “impact analysis” accompanying the regulations estimates that it will raise gas prices by between six and 13 cents per litre, while diesel will go up between seven and 16 cents.
At the top end, that’s higher than the current federal carbon tax rate of approximately 11 cents per litre. Per household, the Clean Fuel Standard will cost between $132 and $301 per year by 2030.
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