The current study investigates the income and price impacts of gasoline
demand for Russian case, employing different cointegration techniques
to the data spanning from 2002Q1 to 2018Q1. The cointegration exercises
confirmed the existence of the long-run relationship among the variables
of interest. Estimation results showed that income and price has statistically significant impact on gasoline demand. The estimation results
showed that 1% increase in income increases gasoline demand by 0.78%,
while 1% price increase reduces the demand by 0.17%. The results of the
study can be useful tool for policy-makers and investors in making relevant decisions in their service-business and investment related activities.