I suggest that you look at one of the follow three options.
Ultrasonic Sensor for Texas Instrument (Option 1)
To measure liquid level from the bottom of tank one could use a piezo electric ceramic transducer combined with an Analog Front End (AFE) and a micro-controller to measure the liquid level. I believe with some additional work you can achieve your object. Check the references for more details.
Capacitive Fluid Level Sensors from Molex (Option 2)
They have claimed that there system is capable of measuring very small changes. Molex still have to demonstrate there product to me. Either way it is over kill for my current project. If you happen to use them please come back and leave your feedback.
PSoC CapSense for Liquid Level Sensing for Cypress (Option 3)
This technology from Cypress is interesting. I have this as viable option for my current project.
Please refer to the references for additional infomation.
References: