Joint Circular No. 1 of the Departments of Energy, Finance, Budget and Management, Interior and Local Government and Transportation and Communications was issued on April 27, 2011 to implement Executive Order No. 32, Series of 2011, entitled “Instituting the Public Transport Assistance Program- Pantawid Pasada” (PTAP). President Aquino issued this executive order to cushion the impact of the high cost of fuel on the public transportation sector, particularly the jeepney and tricycle drivers, who have been clamoring for the repeal of the Oil Deregulation Law and the law imposing value-added tax on petroleum products.
Under the Joint Circular, the initial funding of P450 million for the PTAP will be sourced from the DOE-Special Account in the General Fund (SAGF) – 15 specifically from the Gas-Malampaya Revenue. P300 million of the fund will be released to the DOE for the jeepney driver beneficiaries and P150 million to the DILG for the tricycle driver beneficiaries.