Very, very slowly. If level is dropping, look for a leak.
Fluid type: Volvo power steering fluid or equivalent.
You will find the the right one in ur owner Manuel, mine is Volvo s80 and the recommended fluid was not power steering oil it was ATF automatic transmission fluid, when I asked about that at orally they said if u use power steering fluid it will rewind ur power steering system.
The 240 Series Volvos use standard type power steering fluid. This type fluid is available at most any auto supply store.
The reservoir is build into a power pump, twist off the cap.
Read the owners manual. It has that information.
Power steering fluid specs for Volvo 1998 and older can use Dexron IIE or Volvo PN 1161317 2001 and newer may only use Volvo PN 30741424 or 1161529 (same product). Alternatives to the genuine Volvo fluid are Pentosin CHF11S, VW/AUDI G002000/G004000, and respective BMW, SAAB, MERCEDES, PORSCHE fluids that are based off Pentosin CHF11S. BG compatible part number for this fluid is 344.
The book says ATF which is automatic transmision fluid.
power steering fluid is fluid that makes the power steering pump work and it goes in the power steering pump under the hood.
The power steering fluid recommended is Mopar
Remove the plug on the bottom of the power steering fluid pump. Drain the power steering fluid out. Replace the plug to the bottom of the power steering pump. Replace the power steering fluid.
Power steering fluidPower steering fluid
power steering fluid grade