Australia's Ampol to focus on EV charging: Correction

Market: Biofuels
20/05/25

Corrects sale details in paragraph 4

Australian fuel retailer and refiner Ampol is shifting its focus to electric vehicle (EV) charging and renewable fuels by selling its electricity retail businesses in Australia and New Zealand, it said today.

But Ampol will continue to refine oil at its 109,000 b/d Lytton refinery and import oil products.

Ampol plans to sell all its shares in Ampol Energy Retail, excluding its EV charging business, to Australian energy retailer AGL Sales, the firm announced in an Australian Securities Exchange statement on 13 May.

Ampol is also selling the energy retailing portion of its wholly-owned subsidiary Z Energy, known as Flick Energy, to New Zealand power company Meridian Energy.

The firm is simplifying its approach to energy by focusing on the EV charging and renewable fuels sectors, it said. Further details on Ampol's divestment will be provided in its half-yearly results on 18 August 2025, the firm said.

Ampol launched its decarbonisation and future energy strategy in May 2021. It has since made plans to complete the Lytton Ultra Low Sulphur Fuels project at the end of 2025 to produce gasoline specifications compliant with the new fuel standard by the Australian Federal Government.

The firm has previously expressed the need for long-term policies to support the uptake of renewable fuels and remains committed to progressing its Brisbane renewable fuels study.

Ampol plans to reach delivery of 500 EV charging bays in Australia by 2027. Ampol missed its target of 450 charging bays in Australia and New Zealand in 2024, delivering only 315, mainly because of complexities around grid connection and sluggish EV sales.

By Grace Dudley and Tom Woodlock

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