Analysis of Gasoline Consumption Behavior in Lahore, Pakistan

This report analyzes gasoline consumption patterns based on a survey conducted in Lahore, Pakistan. It investigates the relationship between gasoline prices and consumer behavior, considering factors such as demographics (gender, age, education, industry, and experience), income allocation, and price sensitivity. The analysis explores how consumers adjust their consumption in response to price increases, VAT implementation, and external events like the COVID-19 pandemic. The study reveals that gasoline demand is relatively inelastic, with consumers willing to absorb price increases before altering their consumption habits. The report examines short-run and long-run behavioral changes, the impact of potential VAT increases and decreases, and the influence of environmental concerns on purchasing decisions. The findings highlight the importance of gasoline for consumers and their willingness to allocate a significant portion of their income to its consumption. The study provides valuable insights into consumer behavior and market dynamics within the context of gasoline consumption.