There are obviously different Fats and Oils.

Oil 

 1. Liquid at room temperature.

 2. Unsaturated fats like monounsaturated and polyunsaturated are its types. 

 3. Mostly derived from plants. 4. Improves cholesterol levels. 

 5. Example: Vegetable oil, fish oil. 

 Fat 

 1 . Solid at room temperature . 

 2. Saturated and trans are its types. 

 3. Mostly derived from animal. 

 4. Increases cholesterol levels. 

 5. Example: Butter, beef fat.