definitely blowby. You're smelling petrol in your oil, right? Pull out your dipstick, see if it smells the same; I'll bet it does.
Blowby gets worse when you've tuned your engine and are running rich. When you've upped the boost, even more of the fuel/air mixture is getting past the rings and into the overall oil. And as noted above, worn rings also contributes.
If the engine's still making the same power as usual, I wouldn't lose sleep over it. If you're really getting paranoid, a quick compression and leakdown test will tell all.
My oil always smells like petrol, but I run fairly rich and I run a LOT of boost, so blowby is inevitable, even with a tight, newly rebuilt engine.