The Competition Committee has noted the rise in passenger transport fares through the Yandex Go service, according to a statement from the regulatory authority.
During monitoring, agency staff identified sharp changes in price dynamics on the platform during the first ten days of December. The Committee also received numerous consumer complaints on this issue.
The law “On Competition” prohibits entities with a dominant position from abusing it, including setting monopolistically high prices, the agency reminded.
The regulatory body warned YandexGo UB about the need to take measures to reduce transport prices. They also mandated a review of the pricing algorithm.
YandexGo UB was recognized as dominant in the taxi aggregator market in December 2023. Based on reports from the services, the Competition Committee established that the market share of the Yandex service in 2022 was 86.3%. Later, the authority also acknowledged the dominant position of Yandex Eats in the ready-to-eat food delivery market.
In April of this year, the Anti-Monopoly Regulation Service of Kyrgyzstan included “Yandex Taxi” in the list of companies with a dominant position. The State Committee for National Security conducted searches in the offices of the company and its partners in November over a tax evasion case, accusing the service of artificially inflating taxi prices.
Kazakhstan has also repeatedly conducted checks regarding the Yandex aggregator. In December 2023, “Yandex Taxi” agreed with the government to limit the surge pricing coefficient and reduce the commission for high-priced orders.
Previously, Spot reported that Yandex had applied to register the trademarks “Yandex Market” in Uzbekistan.