Business · Energy & Commodities · 7 hrs ago
BP and Shell Transfer Indonesian Fuel Station Businesses, Keep Their Brands
BP and Shell have transferred their Indonesian fuel station businesses to local companies.
BP sold its remaining 49.9% stake in station operator APR to AKR, which now owns all of the company.
BP branding and standards will remain in use at the stations.
Shell transferred its station business to Isla Energy Indonesia as part of a transition to Sefas Group, while keeping the Shell brand and fuel products available.
Fuel prices were unchanged from September as of November 10, 2026.
For example, BP 92 and Vivo Revvo 92 cost Rp16,130 per litre, while Shell V-Power Diesel and BP Ultimate Diesel cost Rp25,420 per litre.
BP and Shell have transferred their Indonesian fuel station businesses to other companies.
BP transferred its 49.9% stake in PT Aneka Petroindo Raya to PT Anugerah Krida Retailindo, giving AKR full ownership.
Shell transferred its fuel station business to PT Isla Energy Indonesia as part of a transition to Sefas Group.
The BP and Shell brands and their respective standards or products will remain available at the stations.
Fuel prices at BP and Shell stations were unchanged in November 2026.
- Who
- BP and Shell transferred their Indonesian fuel station businesses to other companies.
- What
- BP transferred its stake in PT Aneka Petroindo Raya to an AKR company, and Shell transferred its station business to PT Isla Energy Indonesia.
- When
- Shell said its transaction was completed by October 30, 2026. BP’s transfer was reported on November 10, 2026.
- Where
- Indonesia.
- Why
- Shell’s transfer was part of a transition of ownership to Sefas Group. A reason for BP’s transfer was not stated.
This story does not have two clearly opposing sides.
Shell Indonesia said the transfer was completed under a revised sale and purchase agreement with Sefas Group.
CNBC Indonesia reported that BP had transferred its stake in PT Aneka Petroindo Raya to an AKR company.
- BP stake transferred
- 49.9% of PT Aneka Petroindo Raya
- BP buyer
- PT Anugerah Krida Retailindo, an AKR company
- Shell buyer
- PT Isla Energy Indonesia
- Shell transition partner
- Sefas Group
- BP 92 price
- Rp16,130 per liter
- Shell V-Power Diesel price
- Rp25,420 per liter
What people are saying
This change does not affect the use of the bp brand or the implementation of bp standards that apply internationally
The transaction was completed under the revised sale and purchase agreement with the SEFAS Group