Princeton's WordNet (0.00 / 0 votes) Rate this definition: oil (noun). a slippery or viscous liquid or liquefiable substance not miscible with water. oil, oil color, oil colour (noun). oil paint containing pigment that is used by an artist.
The colors represent the clear skies and snow of the Andes; the sun symbol commemorates the appearance of the sun through cloudy skies on 25 May 1810 during the first mass demonstration in favor of independence; the sun features are those of Inti, the Inca god of the sun. Argentina Flag - Colors.
Origin and symbolism of the colours. White, blue and red flags were used by Paraguayan troops in 1806 wen they went to the defense of Buenos Aires during the British invasion. The earliest mention of a red-white-blue tricolor in Paraguay seems to date from 15 August 1812.