This paper deals with experimental study of the influence of conductive (Fe₃O₄) and insulating (Al₂O₃) nanostructured particles at various concentrations on the dielectric strength of transformer mineral oil. The method of preparation and characterization of these nanofluids (NFs) through the measurements of zeta potential, the real and imaginary parts of dielectric constant as well as the concentration and size of nanoparticles using Scanning Electron Microscope (SEM) images of nanoparticles powders and Dispersive x-ray Spectroscopy (EDS) analysis are presented. Experimental findings reveal that these two types of nanoparticles materials significantly improve AC breakdown voltage and the magnitude of this improvement depends on the concentration, size and nature (material) of nanoparticles. For a given type of nanoparticles, the effect is more marked with the smallest nanoparticles. The conductive nanoparticles offer higher enhancement of dielectric strength compared with insulating nanoparticles based nanofluids. With Fe₃O₄, the breakdown voltage (BDV) can exceed twice that of mineral oil and it increases by more than 76% with Al₂O₃. The physicochemical mechanisms implicated in this improvement are discussed.