With each era, the watermark fluid of choice changes.
It was first Benzene. Benzene is teratogenic ("monster-making") -- it can cause mutated babies. It also has highly toxic fumes.
It was supplanted by carbon tetrachloride, but that proved too bad for you, too.
We can get "custom" watermark fluid in the States, like that stuff that comes in the clear bottle with the white label (can't think of the name), but its problem (and that of its ilk) is that it evaporates
way too quickly.
Some lighter fluid is badly distilled, and contains heavier petroleum byproducts. Over time, in subsequent dips, the stamp will develop a greasy sheen that is
very difficult to remove.
The fluid of choice for the pros in this country? Ronsonol lighter fluid. Pure, light, cheap, attractive (and easy to find on a cluttered desk!) bright yellow bottle, and works a charm. Some watermarks show up in full saturation. Some only show up during the evaporation process, which, rather than being a fraction of a second, lasts minutes. That's its only drawback: you find yourself holding it by tongs and waving it around to get it to dry faster.
Is it good for you? Probably not. I feel good when I inhale the fumes. I don't know if this is because it's a comforting reminder of the joys of philately, or its action as a drug! It's similar to opening a pack of fresh Magic: The Gathering cards or a new tube of tennis balls and inhaling the aroma. Or the proverbial "new car smell". All of those are petroleum outgassings, so there you go.
One other neat thing about watermark fluid, but maybe especially Ronsonol: it brings out the design of light yellow stamps beautifully. I had a piece of torn paper that I would not have even considered philatelic were it not for the cancel. I dipped it, and, voila: a design. Still no goddamn idea what it was, though. Took it to a meeting, and a real expert identified it as a corner of a piece of Hyderabad postal stationary. Again, there you go.