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.