We hate to say it, but it depends. It is a colourless and highly flammable liquid with a strong odour. It works as a powerful disinfectant and is basically a solvent, meaning it dissolves oil and dirt. Isopropyl alcohol is more effective against lipid viruses i ncluding hepatitis B and C, HIV, influenza, and respiratory syncytial virus, whereas hydrogen peroxide – against non-enveloped viruses, like rotavirus, coxsackieviruses, or poliovirus. Rubbing alcohol and hydrogen peroxide both kill most bacteria, viruses, and fungi. This substance is very closely related to ethanol (drinking alcohol), the common substance that is found in wine, beer, and hard liquor. Rubbing alcohol, also referred to as isopropyl alcohol, is usually 30% distilled water and 70% isopropyl alcohol. Isopropyl alcohol (CH3CHOHCH3), also known as rubbing alcohol, is a water-soluble chemical compound with well-proven disinfecting qualities.