The coconut mite, Aceria guerreronis (Acari: Eriophyidae), is a major tropical pest of coconut. Here, we assessed the chemical profiles and the potential use of babassu, degummed soybean, and coconut oils to control A. guerreronis as well as their side-effects on the predatory mite Neoseiulus baraki (Acari: Phytoseiidae), a key natural enemy of the coconut mite. Babassu and coconut oils had similar fatty acids chemical profiles. All vegetable oils showed toxicity to A. guerreronis; degummed soybean oil exhibited the highest toxicity (LC50 = 0.15 µL/cm2). Although all oils were less toxic to N. baraki, their potential to attract/repel this predatory mite differed. Whereas N. baraki females were unresponsive to coconut oil at both concentrations (i.e., LC50 and LC99 estimated for A. guerreronis), irrespective of exposure period (i.e., 1 or 24 h), the babassu oil repelled the predator, independent of exposure period, when applied at its LC99 (1.48 µL/cm2). Intriguingly, this oil also exhibited attractiveness to N. baraki 24 h after exposure when applied at its LC50 (0.26 µL/cm2). A similar attractiveness pattern was recorded 24 h after N. baraki was exposed to degummed soybean oil at both concentrations tested (LC50 = 0.15 µL/cm2; LC99 = 1.39 µL/cm2). However, N. baraki was repelled by degummed soybean oil at its LC50 after 1 h of exposure. Therefore, the present study demonstrated that all the vegetable oils used here had higher toxicity to the coconut mite and considerable selectivity to the predator N. baraki, indicating they are promising tools that can potentially be included in management programs to control A. guerreronis in commercial coconut plantations.