A fluid dispensing apparatus comprising a container which includes an upstanding tubular sidewall and a bottom wall mounted at a lower end of said sidewall, said container also comprising a removable closure mounted to an upper end of said sidewall, a flexible tight bag having an upper peripheral open end and hanging in said container with said upper open end thereof being peripherally mounted between said closure and said upper end of said sidewall, said bag defining first and second chambers in said container containing respectively a fluid and compressed air, a fluid dispensing means extending through said closure into said first chamber, a partition wall means extending inwards from said sidewall in said container lower than said bag and a pressure regulating means mounted to said partition wall means defining in said second chamber an upper and a lower sub-chamber, said pressure regulating means being adapted to provide a substantially constant air pressure in said upper sub-chamber and thus on said bag, an admission means extending through said container into said lower sub-chamber for filling said container with compressed air, said pressure regulating means comprising bleeding means to allow compressed air to flow therethrough from said upper sub-chamber to said lower sub-chamber when said lower sub-chamber is substantially unpressurized, whereby depressurization of said lower sub-chamber also results in the depressurization of said upper sub-chamber.