The mixture of olive oil and chili flakes creates one mean spicy chili oil. Chili oil is a popular ingredient in Chinese cuisine that adds a hot and spicy flavor to foods. Chili oil has many applications in our daily lives. If you want to have eggs or avocado toast for the breakfast, you can use chili oil for it. It is used as a special ingredient in many dishes. About 30 mg per ounce (1 ounce = 2 TBSP)