IPA: /ˌpɛtrəˈleɪtəm/
KK: /ˈpɛtrəˌleɪtəm/
A thick, greasy substance made from petroleum, commonly used as a moisturizer or protective barrier for the skin.
She applied petrolatum to her dry lips to keep them moisturized.
Petrolatum is formed from "petro-" (meaning rock or stone, derived from Greek "petra") and "latum" (meaning spread or smeared, from Latin "latus"). The word refers to a substance that is derived from rock or stone and is spread or smeared, typically used in the context of a jelly-like substance derived from petroleum.
Think of 'rock' ('petro-') and something that is 'spread' ('latum') to remember that petrolatum is a substance derived from rock that is spread or used like a jelly.
No commonly confused words.