Solution:The given statement is false.
Concept- A molecule is identical to an ion. It has an electrical charge as the number of protons and the number of electrons are not similar.
Electrical charge relies on the ions present in a material to conduct electricity but there are no ions present in vegetable oils. The absence of ions makes a substance or a material a poor conductor of electricity or we can say that they act as an insulator. They may act as a conductor only if a certain amount of salts are present in them. But due to the absence of these, vegetable oil is incapable of conducting electricity and rather it acts as an insulator.
Hence, the given statement is false.