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TeachMeFinance.com - explain packaged petroleum product packaged petroleum product 'packaged petroleum product' is an military term. It means '(DOD) A petroleum product (generally a lubricant, oil, grease, or specialty item) normally packaged by a manufacturer and procured, stored, transported, and issued in containers having a fill capacity of 55 United States gallons (or 45 Imperial gallons, or 205 liters) or less'. Previous 5 Terms: p-p- pH - pW pace pace setter_ Next 5 Terms: packup kit- palletized unit load - panel code panoramic camera panoramic camera_ Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.