There is shown a dispensing apparatus for use with pressurized containers of fluids, particularly carbonated beverages such as beer. A base that fits onto the container has a piston member slidably fitted to it, along with a compressed gas housing and a pickup tube or assembly. A handle moves the piston member with respect to the base against a spring bias. A gas flow path from the housing to the container passes through a valve, that is opened by the piston member as the handle is moved. Moving the handle opens both a liquid flow path as well as a gas flow path.