Bolt does not expect a sharp increase in taxi fares in Kyiv
Bolt has stated that a potential revision of public transportation fares in Kyiv will not currently lead to a significant increase in taxi fares.
Serhiy Pavlik, Bolt’s general manager in Ukraine, told RBC-Ukraine about this.
According to him, the platform uses dynamic pricing, where the key factor is the ratio of demand to the number of available drivers at a given moment.
“At this time, we do not expect a sharp or significant increase in fares. However, general changes in the city’s transportation market and rising fuel costs may gradually affect the cost of rides in the long term,” Pavlik noted.
The company explained that rising fuel prices increase drivers’ costs, but flexible schedules and the ability to choose their own routes help partially offset this impact.
Bolt also does not rule out that changes in public transportation fares could alter passenger behavior and increase demand for taxis, which could eventually affect fares as well.
The company emphasized that it strives to maintain a balance between the service’s affordability for customers and favorable conditions for drivers.
Starting February 20 at 12:00 a.m., the Bolt ride-hailing service resumed 24/7 operations in 24 more cities across Ukraine.
