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1 Substitute coconut oil on a 1-1 ratio for oil or butter. Melt the oil and cool it to just above room temperature before measuring it.  Use a ratio of 3/4 to 1 when substituting coconut oil for shortening. Use the oil in its solid state or melt it first.
7. Use it to make mayo. Like we stated earlier, you can use coconut oil instead of vegetable oil when baking or frying things but you can also use it to replace vegetable oil in other foods as a general ingredient. One great example is mayo. Hereâs a good mayo recipe that uses coconut oil instead of vegetable oil.. Use it to make mayo. Like we stated earlier, you can use coconut oil instead of vegetable oil when baking or frying things but you can also use it to replace vegetable oil in other foods as a general ingredient. One great example is mayo. Hereâs a good mayo recipe that uses coconut oil instead of vegetable oil.