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The oil spill reversed the fall in energy insurance rates lifting them by up to 20%, in recognition of the increased risks.
In April, consumer prices fell by 0.3% in their first monthly decline since December 2001, thanks mostly to a fall in energy prices from their war-related highs.
The drop was largely due to a fall in energy prices.
Much of that year-on-year fall was attributable to a steep decline in CO2 emissions from electricity generation because of a fall in energy usage overall, a fall in coal-burning and a steep decline in gas-burning in power stations because of the surge in world gas prices that year.
With peace achieved, Santos, a member of a wealthy Bogota family, will likely use the political capital to push his economic agenda, especially tax reforms to compensate for a drop in oil income caused by a fall in energy prices.
Angela Knight, chief executive of Energy UK, which represents the major suppliers, said any fall in energy bills could be limited because about half a bill is made up of costs other than energy - such as upgrading infrastructure, insulating homes and environmental levies.
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From a broad perspective the simultaneous advances on the scale of buildings and of cities may cause a serious fall in energy-demands in urban areas in Europe on the middle-long term.
The falls in energy prices of the past few months will continue to bear down on inflation at least until the middle of next year.
Analysts had been expecting a slightly smaller increase to 0.9% in September, but stressed that further increases were in the pipeline in coming months as last autumn's falls in energy prices ceased to drag down the annual inflation rate.
There were further sharp falls in energy prices during the final quarter of last year, so had sterling remained unchanged on the foreign exchanges in recent weeks, there would still have been a pickup in the annual inflation rate.
The falls in energy prices of the past few months will continue to bear down on inflation at least until the middle of next year," the MPC said in the minutes of its rate-setting meeting.
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