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FALSE,,,,,,sort of!!! Depends on what DTC the CEL is reporting! If the DTC (problem) can damage the engine, it will cause the PCM to go into reduced power mode. If it is just an emissions related issue NO it will not cause it.
Had a check engine light event and there was no change in power...
filled up with fresh gas and no more CEL event.
More than likely you have a faulty gas cap. When you got gas you repositioned it and it sealed. This just happened to me and I just turned the gas cap and the light went out in about 5 mins. I got a new cap.