Hi Joshevelle,
Thanks for the quick response.
When water level is 160 mm, the sensor o/p is 1.681 volts (ok).
At around 185 mm, the sensor o/p is 1.744 volts. Should be more.
At around 200 mm, the sensor o/p is 1.791 volts. Should be more (around 1.942 V).
Vcc is fixed at 3.281 V.
I am using this transfer function: Vout = Vs * (0.2 * P + 0.2)
Reference voltage of 2.5 V should be enough to measure 300 mm of water.