Rev. Rul. 68-253

Petrolatum is a by-product of petroleum and is obtained through such methods as purifying the residue from the distillation of petroleum or by dewaxing heavy petroleum oils. Held, petrolatum is not a lubricating oil within the meaning of section 4091 of the Internal Revenue Code of 1954. Accordingly, sales thereof by the manufacturer or producer are not subject to the tax imposed by that section.

This Revenue Ruling restates under current law the position set forth in S.T. 803, C.B. XIV-1, 405 (1935). Therefore, S.T. 803 is hereby superseded.

¹ Prepared pursuant to Rev. Proc. 67-6, C.B. 1967-1, 576.