Disclosed is a volatile liquid dispensing system that includes a dispenser and a refill unit. The dispenser is mounted on a predefined surface. The dispenser includes a front cover and a rear cover. The refill unit is removably secured inside the dispenser thereby maintaining a predefined gap therebetween. The refill unit includes a refill cover. The refill cover includes a fragrance reservoir and a collection device enclosed therein. The fragrance reservoir is formed by a gas shell and a fragrance shell. The fragrance reservoir is positioned in a predefined orientation with respect to the mounting surface. The collection device is positioned adjacent to the fragrance reservoir such that a predefined gap is maintained therebetween. The collection device is enclosed in the refill cover such that a predefined gap is maintained therebetween thereby allowing evaporation of the volatile liquid from all sides of the collection device.
