Shell and BP Exit Indonesia Gas Station Business, Sell Stakes to Local Firms

Shell and BP have exited Indonesia's retail fuel station business this year, selling their stakes to local companies. Shell completed its sale to PT Isla Energy Indonesia, part of the Sefas Group, on October 30, 2026. BP sold its 49.9 percent stake in PT Aneka Petindo Raya to PT Anugerah Krida Retailindo, a subsidiary of PT AKR Corporindo Tbk, raising AKR's ownership from 50.1 percent to 100 percent.

The BP transaction was valued at 14.22 million US dollars, equivalent to 255.96 billion rupiah at an exchange rate of 18,000 rupiah per dollar. The transfer includes fuel stations, supply and distribution activities, and the fuel terminal in Gresik. Around 200 Shell stations operate in Indonesia, with more than 160 owned directly by the company.

“This is just a normal business decision. BP is strong in upstream, so it wants to focus on upstream and therefore this is divested.”

Despite the sales, stations carrying the Shell and BP brands continue to operate under their new shareholders. BP Indonesia country head James Tehubijuluw said the divestment is part of portfolio restructuring to support growth and improve performance across business lines.

Indonesia's Directorate General of Oil and Gas director Laode Sulaeman called BP's move a normal business decision and rejected the idea that a poor investment climate in the downstream sector caused the exit. He said BP wants to focus on upstream operations, including exploration in Papua, and that global dynamics are forcing companies to rethink strategies to operate efficiently.

Pertamina remains the dominant retail fuel operator in Indonesia. According to second-quarter 2025 data from the Directorate General of Oil and Gas, PT Pertamina Patra Niaga operates 13,698 gas stations.