The advantages of the petrol-paraffin engine are that :
Paraffin can be cheaper and/or more readily available
Being less flammable, paraffin is safer to store
Being less volatile, paraffin is less likely to go "stale" in the tank.
Some of these advantages have become illusory since paraffin, once widely available as a cheap fuel, has become rarer and more expensive, particularly in developed countries. Also, while some older vessels still use marine petrol-paraffin engines, most inboard marine engines now tend to be diesels.
Equipment
A petrol-paraffin engine differs from a single-fuel petrol engine in that two independent fuel tanks containing petrol and paraffin are required, but both fuels may be supplied through the same carburetor or fuel injection system. An example of a fuel-injected petrol-paraffin engine is the Hesselman engine. Paraffin is less volatile than petrol, and will not normally ignite at ambient temperatures, so the petrol-paraffin engine is started using petrol, and only when the engine has attained a sufficient operating temperature will the engine be switched to paraffin. This switching can be done manually or automatically. Some engines use a vaporizer, which uses heat from the exhaust manifold to vaporize the fuel entering the intake system.
Petrol-paraffin fuelling is suitable for four-stroke cyclepiston engines and wankel engines. A petrol/paraffin engine tends to run hotter whilst burning paraffin, and so the cooling system must be sufficiently robust. Being slower burning, the paraffin requires the longer combustion period that a four-stroke engine can provide; so two-stroke versions are rare J.A.P. used their 16H engine on TVO. Although modernpetrol engines may have compression ratios typically between 9:1 and 12:1, a petrol-paraffin engine requires a lower compression ratio of 8:1 or less, to avoid pre-ignition of the fuel-air mixture which would cause damage from engine knocking. Most existing petrol aero-engines have low compression ratios, around 8:1 or 9:1, making a dual-fuel conversions viable.
Fuel
The fuel used in petrol-paraffin engines was known as Tractor vaporising oil in the United Kingdom and as Power kerosene in Australia. TVO was withdrawn from sale by UK suppliers in 1974 but has been re-introduced by at least one supplier.
A railway locomotive using solidnaphthalene was built by Schneider-Creusot in France in 1913. It was a 70 bhp petrol-paraffin engine, but using solid naphthalene rather than paraffin, simply as a cheaper fuel. The naphthalene was melted and vaporised by a water jacket, heated by the engine.