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Contact SupplierLiquid paraffin, also known as paraffin liquid or mineral oil, is a very highly refined mineral oil used in cosmetics and medicine. Cosmetic or medicinal liquid paraffin should not be confused with the paraffin (or kerosene) used as a fuel. It is transparent, colorless, nearly odorless, and oily and is composed of saturated hydrocarbons derived from petroleum.[1]