Swan.my.id - BP-AKR fuel stations will continue operating under the BP name after BP Global Investments Limited transferred its entire stake in the network’s operator to an AKR subsidiary. Customers can still refuel at the same stations, while the BP brand, its stated international standards and current fuel prices remain unchanged.
The transaction shifts full ownership of PT Aneka Petroindo Raya (APR), which operates the network, to the AKR Group. It does not end BP’s association with the forecourt business: APR’s use of the brand continues under a licensing agreement with BP.
BP-AKR fuel stations retain their brand and standards
BP Global Investments Limited sold its 49.9% holding in APR to a subsidiary of PT AKR Corporindo Tbk. The transfer raises the AKR Group’s ownership from 50.1% to 100%, making it the sole owner of the company that manages the BP-AKR network.
The purchase covered 11,444,565 shares and was valued at US$14,221,500, or about Rp257.45 billion. AKR said the acquisition would not have a material negative effect on its operations, financial position or business continuity.
APR’s management has said that the ownership change will not alter the use of the BP brand or the application of BP standards. The company’s stations operate under a licensing agreement, which allows the BP name to remain in use even though BP no longer holds shares in APR.
BP Indonesia has also reassured customers through its official Instagram account. The company said BP-AKR stations would continue serving customers as usual and offering fuel that meets BP’s international standards.
The partnership between BP and AKR in the retail fuel business began on April 5, 2017. The latest transaction changes the ownership structure behind the network, but the stated arrangements for the brand and station standards remain in place.
Fuel prices remain unchanged across 75 outlets
The BP-AKR network currently comprises 75 fuel stations across Greater Jakarta, West Java and East Java. Customers in those areas can continue to buy the same three fuel products at the existing listed prices.
- BP 92: Rp16,130 per liter
- BP Ultimate: Rp19,330 per liter
- BP Ultimate Diesel: Rp25,420 per liter
Those prices have remained unchanged since September 2026. At that time, fuel retailers across Indonesia also kept their selling prices steady, according to the information available about the market.
The reported prices apply across the stated areas, from Greater Jakarta through West Java and East Java. The ownership transfer itself has not brought a change to the products or prices listed for BP-AKR customers.
For drivers, the practical details therefore remain familiar: the stations continue under the BP name, and the three listed fuels retain their current prices. APR remains the operating company, now wholly owned by the AKR Group.
BP says the sale reflects a portfolio restructuring
BP Indonesia country head James Tehubijuluw described the divestment as part of a restructuring of the company’s portfolio. He also said the transaction would not affect BP’s operations at the Tangguh LNG plant in West Papua.
The Ministry of Energy and Mineral Resources views the move as a business strategy change rather than evidence of a poor investment climate. Laode Sulaeman, the ministry’s director general of oil and gas, said BP is focusing on upstream activities, including exploration in Papua.
Laode said shifts in global markets are prompting companies to operate more efficiently. He added that the downstream assets BP sold had moved to other business entities that continue to support Indonesia’s investment climate.
The explanation separates BP’s decision about its retail fuel stake from its operations in other parts of the energy sector. In particular, the ministry’s comments and BP’s statement indicate that the sale of APR shares does not mean BP is withdrawing from its Tangguh LNG operations.
A change in ownership, not an immediate customer-facing change
BP is not the only international energy company to transfer its Indonesian fuel-station business while keeping its brand on the network. Shell previously transferred its station business to PT Isla Energy Indonesia, part of the Sefas Group, with the change taking effect on October 30, 2026.
Shell’s brand also remains in use at the stations under their new owner. Shell has been reported as focusing on its lubricants business, while the station operations moved to the new company.
The two transactions show that a change in ownership does not necessarily bring an immediate change to a station’s customer-facing brand. In the BP-AKR case, APR’s licensing arrangement with BP supports continued use of the BP name, while AKR takes full ownership of the operator.
For now, customers can expect the BP-AKR network to continue operating as before in the areas it serves. The stations remain open under the BP brand, retain the stated standards and continue selling BP 92, BP Ultimate and BP Ultimate Diesel at their current listed prices.
