Business · Companies · 2 hrs ago
BP exits Indonesian fuel station business, but BP-AKR stations will continue
BP has exited its investment in Indonesian BP-AKR fuel stations by selling its stake in PT Aneka Petroindo Raya, or APR.
Two subsidiaries of AKR bought BP's 49.9% stake for US$14.22 million.
APR, a joint venture previously owned by BP and AKR Corporindo, runs the stations.
A trademark licence allows APR to keep the BP name and use BP's international operating standards.
The stations will continue selling bp 92, bp Ultimate and bp Ultimate Diesel, with no change to the fuel range announced.
This matters to customers because the change in ownership is not expected to affect station operations or the products available.
APR says it will focus on fuel quality and customer service across its network.
BP Global Investments Limited has sold its entire stake in PT Aneka Petroindo Raya, which operates BP-AKR fuel stations in Indonesia.
APR says the sale will not affect the stations’ operations, branding or fuel range.
APR will continue selling bp 92, bp Ultimate and bp Ultimate Diesel under an agreement allowing it to use the BP trademark.
Two AKR subsidiaries bought BP’s shares for US$14.22 million, or 255.96 billion rupiah.
- Who
- BP Global Investments Limited sold its stake in APR to two AKR subsidiaries.
- What
- BP exited its investment in the Indonesian fuel station business. APR says BP-AKR stations will continue operating with the same brand and fuel range.
- When
- The share sale took place on 6 November 2026. APR’s statement was issued on 13 November.
- Where
- Indonesia.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Two AKR subsidiaries bought BP’s shares in APR.
The transaction was disclosed to the Indonesia Stock Exchange.
APR issued a statement saying BP-AKR stations would continue operating and providing fuel.
Detik published its report on BP’s exit.
- BP’s former stake in APR
- 49.9%
- AKR Group’s stake in APR before the sale
- 50.1%
- Share purchase price
- US$14.22 million, or 255.96 billion rupiah
- Shares acquired
- 11,444,565
- Fuel products to continue
- bp 92, bp Ultimate and bp Ultimate Diesel
What people are saying
APR is committed to continuing to provide quality fuel and the best service for BP-AKR station customers.
Product quality and customer service are our priorities.