diff --git a/frontend/src/locale/en.json b/frontend/src/locale/en.json
index 342ce0cdd..e11541edb 100644
--- a/frontend/src/locale/en.json
+++ b/frontend/src/locale/en.json
@@ -625,12 +625,14 @@
       "name_placeholder": "Optional",
       "name_constraint": "Example: 'my-fleet' or 'default'. If not specified, generated automatically.",
       "min_instances": "Min number of instances",
-      "min_instances_description": "Set it `0` to provision instances only when required",
+      "min_instances_description": "Set it '0' to provision instances only when required",
       "max_instances": "Max number of instances",
       "max_instances_description": "Required only if you want to set an upper limit",
       "max_instances_placeholder": "Optional",
       "idle_duration": "Idle duration",
-      "idle_duration_description": "Example: '0s', '1m', '1h'"
+      "idle_duration_description": "Example: '0s', '1m', '1h'",
+      "spot_policy": "Spot policy",
+      "spot_policy_description": "Set it to 'auto' to allow the use of both on-demand and spot instances"
     }
   },
   "volume": {
diff --git a/frontend/src/pages/Fleets/Add/FleetFormFields/constants.tsx b/frontend/src/pages/Fleets/Add/FleetFormFields/constants.tsx
index 372c4dcfa..7904a1774 100644
--- a/frontend/src/pages/Fleets/Add/FleetFormFields/constants.tsx
+++ b/frontend/src/pages/Fleets/Add/FleetFormFields/constants.tsx
@@ -2,6 +2,14 @@ import React from 'react';
 import { get } from 'lodash';
 import * as yup from 'yup';
 
+import { FleetFormFields } from './type';
+
+export const fleetFormDefaultValues: FleetFormFields = {
+    min_instances: 0,
+    idle_duration: '5m',
+    spot_policy: 'auto',
+};
+
 export const FLEET_MIN_INSTANCES_INFO = {
     header: <h2>Min number of instances</h2>,
     body: (
@@ -78,6 +86,26 @@ export const FLEET_IDLE_DURATION_INFO = {
     ),
 };
 
+export const FLEET_SPOT_POLICY_INFO = {
+    header: <h2>Spot policy</h2>,
+    body: (
+        <>
+            <p>
+                Some backends may support spot instances, also known as preemptive instances. Such instances come at a
+                significantly lower price but can be interrupted by the cloud provider at any time.
+            </p>
+            <p>
+                If you set <code>spot_policy</code> to <code>auto</code>, the fleet will allow the use of both types of
+                instances: <code>on-demand</code> and <code>spot</code>.
+            </p>
+            <p>
+                Note that run configurations must specify their own <code>spot_policy</code>, which by default is always{' '}
+                <code>on-demand</code>.
+            </p>
+        </>
+    ),
+};
+
 const requiredFieldError = 'This is required field';
 const numberFieldError = 'This is number field';
 
diff --git a/frontend/src/pages/Fleets/Add/FleetFormFields/index.tsx b/frontend/src/pages/Fleets/Add/FleetFormFields/index.tsx
index a19e70136..4aa04c393 100644
--- a/frontend/src/pages/Fleets/Add/FleetFormFields/index.tsx
+++ b/frontend/src/pages/Fleets/Add/FleetFormFields/index.tsx
@@ -1,11 +1,16 @@
 import React from 'react';
 import { useTranslation } from 'react-i18next';
 
-import { FormInput, InfoLink, SpaceBetween } from 'components';
+import { FormInput, FormSelect, InfoLink, SpaceBetween } from 'components';
 
 import { useHelpPanel } from 'hooks';
 
-import { FLEET_IDLE_DURATION_INFO, FLEET_MAX_INSTANCES_INFO, FLEET_MIN_INSTANCES_INFO } from './constants';
+import {
+    FLEET_IDLE_DURATION_INFO,
+    FLEET_MAX_INSTANCES_INFO,
+    FLEET_MIN_INSTANCES_INFO,
+    FLEET_SPOT_POLICY_INFO,
+} from './constants';
 import { FleetFormFieldsProps } from './type';
 
 import type { FieldValues } from 'react-hook-form/dist/types/fields';
@@ -64,6 +69,22 @@ export function FleetFormFields<T extends FieldValues = FieldValues>({
                 type="number"
             />
 
+            <FormSelect
+                info={<InfoLink onFollow={() => openHelpPanel(FLEET_SPOT_POLICY_INFO)} />}
+                label={t('fleets.edit.spot_policy')}
+                constraintText={t('fleets.edit.spot_policy_description')}
+                control={control}
+                //eslint-disable-next-line @typescript-eslint/ban-ts-comment
+                // @ts-expect-error
+                name={getFieldNameWitPrefix(`spot_policy`)}
+                disabled={disabledAllFields}
+                options={[
+                    { label: 'auto', value: 'auto' },
+                    { label: 'on-demand', value: 'on-demand' },
+                    { label: 'spot', value: 'spot' },
+                ]}
+            />
+
             <FormInput
                 info={<InfoLink onFollow={() => openHelpPanel(FLEET_IDLE_DURATION_INFO)} />}
                 label={t('fleets.edit.idle_duration')}
diff --git a/frontend/src/pages/Fleets/Add/FleetFormFields/type.ts b/frontend/src/pages/Fleets/Add/FleetFormFields/type.ts
index 7351a60a6..835ca8373 100644
--- a/frontend/src/pages/Fleets/Add/FleetFormFields/type.ts
+++ b/frontend/src/pages/Fleets/Add/FleetFormFields/type.ts
@@ -12,4 +12,5 @@ export type FleetFormFields = {
     min_instances: number;
     max_instances?: number;
     idle_duration?: string;
+    spot_policy: TSpotPolicy;
 };
diff --git a/frontend/src/pages/Fleets/Add/index.tsx b/frontend/src/pages/Fleets/Add/index.tsx
index b661d96cb..d7390fc93 100644
--- a/frontend/src/pages/Fleets/Add/index.tsx
+++ b/frontend/src/pages/Fleets/Add/index.tsx
@@ -15,7 +15,12 @@ import { useApplyFleetMutation } from 'services/fleet';
 import { DEFAULT_FLEET_INFO } from 'pages/Project/constants';
 import { useYupValidationResolver } from 'pages/Project/hooks/useYupValidationResolver';
 
-import { getMaxInstancesValidator, getMinInstancesValidator, idleDurationValidator } from './FleetFormFields/constants';
+import {
+    fleetFormDefaultValues,
+    getMaxInstancesValidator,
+    getMinInstancesValidator,
+    idleDurationValidator,
+} from './FleetFormFields/constants';
 import { FleetFormFields } from './FleetFormFields';
 
 import { IFleetWizardForm } from './types';
@@ -33,6 +38,7 @@ const fleetValidationSchema = yup.object({
     min_instances: getMinInstancesValidator('max_instances'),
     max_instances: getMaxInstancesValidator('min_instances'),
     idle_duration: idleDurationValidator,
+    spot_policy: yup.string().required(requiredFieldError),
 });
 
 export const FleetAdd: React.FC = () => {
@@ -52,9 +58,8 @@ export const FleetAdd: React.FC = () => {
     const formMethods = useForm<IFleetWizardForm>({
         resolver,
         defaultValues: {
+            ...fleetFormDefaultValues,
             project_name: paramProjectName,
-            min_instances: 0,
-            idle_duration: '5m',
         },
     });
 
@@ -62,7 +67,7 @@ export const FleetAdd: React.FC = () => {
     const formValues = watch();
 
     const getFormValuesForFleetApplying = (): IApplyFleetPlanRequestRequest => {
-        const { min_instances, max_instances, idle_duration, name } = getValues();
+        const { min_instances, max_instances, idle_duration, name, spot_policy } = getValues();
 
         return {
             plan: {
@@ -74,6 +79,7 @@ export const FleetAdd: React.FC = () => {
                             ...(max_instances ? { max: max_instances } : {}),
                         },
                         ...(idle_duration ? { idle_duration } : {}),
+                        spot_policy,
                     },
                     profile: {},
                 },
@@ -185,7 +191,13 @@ export const FleetAdd: React.FC = () => {
     };
 
     const getDefaultFleetSummary = () => {
-        const summaryFields: Array<keyof IFleetWizardForm> = ['name', 'min_instances', 'max_instances', 'idle_duration'];
+        const summaryFields: Array<keyof IFleetWizardForm> = [
+            'name',
+            'min_instances',
+            'max_instances',
+            'idle_duration',
+            'spot_policy',
+        ];
 
         const result: string[] = [];
 
diff --git a/frontend/src/pages/Project/Add/index.tsx b/frontend/src/pages/Project/Add/index.tsx
index 23a9eb0a1..23cbc4c00 100644
--- a/frontend/src/pages/Project/Add/index.tsx
+++ b/frontend/src/pages/Project/Add/index.tsx
@@ -16,6 +16,7 @@ import { useCreateProjectMutation } from 'services/project';
 
 import { FleetFormFields } from 'pages/Fleets/Add/FleetFormFields';
 import {
+    fleetFormDefaultValues,
     getMaxInstancesValidator,
     getMinInstancesValidator,
     idleDurationValidator,
@@ -51,6 +52,7 @@ const projectValidationSchema = yup.object({
             is: true,
             then: idleDurationValidator,
         }),
+        spot_policy: yup.string().required(requiredFieldError),
     }),
 });
 
@@ -72,9 +74,8 @@ export const ProjectAdd: React.FC = () => {
         defaultValues: {
             is_public: false,
             fleet: {
+                ...fleetFormDefaultValues,
                 enable_default: true,
-                min_instances: 0,
-                idle_duration: '5m',
             },
         },
     });
@@ -93,7 +94,7 @@ export const ProjectAdd: React.FC = () => {
 
     const getFormValuesForFleetApplying = (): IApplyFleetPlanRequestRequest => {
         const {
-            fleet: { min_instances, max_instances, idle_duration, name },
+            fleet: { min_instances, max_instances, idle_duration, name, spot_policy },
         } = getValues();
 
         return {
@@ -106,6 +107,7 @@ export const ProjectAdd: React.FC = () => {
                             ...(max_instances ? { max: max_instances } : {}),
                         },
                         ...(idle_duration ? { idle_duration } : {}),
+                        spot_policy,
                     },
                     profile: {},
                 },
@@ -231,7 +233,13 @@ export const ProjectAdd: React.FC = () => {
     };
 
     const getDefaultFleetSummary = () => {
-        const summaryFields: Array<keyof IProjectForm['fleet']> = ['name', 'min_instances', 'max_instances', 'idle_duration'];
+        const summaryFields: Array<keyof IProjectForm['fleet']> = [
+            'name',
+            'min_instances',
+            'max_instances',
+            'idle_duration',
+            'spot_policy',
+        ];
 
         const result: string[] = [];
 
diff --git a/frontend/src/pages/Project/CreateWizard/index.tsx b/frontend/src/pages/Project/CreateWizard/index.tsx
index 83cf3804d..ecf2d413e 100644
--- a/frontend/src/pages/Project/CreateWizard/index.tsx
+++ b/frontend/src/pages/Project/CreateWizard/index.tsx
@@ -30,6 +30,7 @@ import { useCreateWizardProjectMutation } from 'services/project';
 
 import { FleetFormFields } from '../../Fleets/Add/FleetFormFields';
 import {
+    fleetFormDefaultValues,
     getMaxInstancesValidator,
     getMinInstancesValidator,
     idleDurationValidator,
@@ -69,6 +70,7 @@ const projectValidationSchema = yup.object({
             is: true,
             then: idleDurationValidator,
         }),
+        spot_policy: yup.string().required(requiredFieldError),
     }),
 });
 
@@ -127,9 +129,8 @@ export const CreateProjectWizard: React.FC = () => {
         defaultValues: {
             project_type: 'gpu_marketplace',
             fleet: {
+                ...fleetFormDefaultValues,
                 enable_default: true,
-                min_instances: 0,
-                idle_duration: '5m',
             },
         },
     });
@@ -319,6 +320,7 @@ export const CreateProjectWizard: React.FC = () => {
             'min_instances',
             'max_instances',
             'idle_duration',
+            'spot_policy',
         ];
 
         const result: string[] = [];