The Nigerian National Petroleum Company Limited (NNPC Ltd.), says it has not paid fuel subsidy to anybody in the last nine years.

Chief Financial Officer of the company, Alhaji Umar Ajiya made the clarifications on Monday in Abuja.

Ajiya said the NNPC Ltd. was only taking care of Premium Motor Spirit (PMS) importation shortfalls between the company and the federation.

“In the last eight to nine months, the NNPC Ltd., has not paid anybody a dime as subsidy, no one has been paid kobo by the NNPC Ltd. in the name of subsidy.

“No marketer has received any money from us by way of subsidy.

“What has been happening is that we have been importing PMS, which has been landing at a certain cost price and government tells us to sell it at half price.

“So the difference between the landing price and that half price is what we call shortfall.

“And the deal is between the Federation and NNPC Ltd., to reconcile.” he said.