Moscow Taxi Rides 30% Cheaper Than in 2014

PHOTO by Ruslan Krivobok / RIA Novosti

The average cost of a taxi ride in Moscow has decreased by 30% over the past three years, according to Maxim Liksutov, deputy mayor of Moscow and head of the Department of Transportation and Road Infrastructure Development.

"Increased competition, as well as mobile apps, allowed for a reduction in the price of taxis and made it one of the most popular means of transport in the city," Liksutov said. "Moscow prices have been continuing to decline since 2014. Clients paid 700 roubles ($11.73) on average then and the average price last year was 500 roubles ($8.38)."

The deputy mayor added that taxis are now arriving within seven minutes of placing the order even during peak hours. Moscow taxi drivers serve around 600,000 passengers every day.