Is light olive oil better than oil?

There is no such thing as "oil". Olive oil is a type of vegetable oil made from olives. It is generally considered to be healthier than other types of vegetable oils, such as canola oil or sunflower oil, due to its higher content of monounsaturated fatty acids. Light olive oil is a type of olive oil that has been refined to remove some of its color and flavor. It is typically used in salad dressings or other dishes where a light flavor is desired.