Volatile oils are made up of terpenes, fixed oils are made up of esters of glycerol and fatty acids
Volatile oils do not leave permanent grease on paper, fixed oils do
Volatile oils cannot be saponified, fixed oils can
Volatile oils can be distilled, fixed oils cannot
Volatile oils resinify on long standing, fixed oils become rancid
Volatile oils have high refractive index, fixed oils have low refractive index
Volatile oils are optically active, fixed oils are optically inactive
Primary source of volatile oils is leaves, roots, petals, bark, source of fixed oils is seeds/kernels