Bloomberg News

Venezuela Price Regulator Extends Company Registration Period

December 14, 2011

Dec. 14 (Bloomberg) -- The Venezuelan government extended the period transnational and local companies have to register the price of 18 beauty and cleaning products to December 30, according to a resolution published today in the Official Gazette.

President Hugo Chavez’s administration froze prices last month on products including toothpaste, soap and diapers, and ordered companies including Colgate-Palmolive Co., Johnson & Johnson, The Procter & Gamble Co, and Unilever Plc to report their production costs to the government as he seeks to extend price regulations in Venezuela. Initially, companies were given three days to register.

To contact the editor responsible for this story: Charlie Devereux at cdevereux3@bloomberg.net


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