Transformer is a well-known power system apparatus utilized in conjunction with solid insulations such as paper and press board, as well as liquid insulations like mineral oil, a petroleum-based fluid. Despite the notable drawbacks associated with mineral oil, such as limited resources for future generations and its non-eco-friendly nature, its usage remains ubiquitous. There is a growing imperative to explore alternative fluids that surpass mineral oil in terms of environmental impact and performance. Amidst the global shift towards green energy, this study focuses on vegetable seed oils such as corn oil, soybean oil, mustard oil, and rice bran oil as potential substitutes. The research evaluates these oils based on key transformer properties including breakdown voltage, water content, interfacial tension, viscosity, acidity, flash point, and fire point. Interestingly, rice bran oil and soybean oil exhibit promising characteristics that suggest they could effectively replace petroleum-based fluids in transformers. Furthermore, the study extends to blending mineral oil with vegetable seed oils in various compositions, incorporating natural and synthetic antioxidant additives ranging from 0 to 1%. Comparative analyses between samples with and without additives reveal that the inclusion of 1% propyl gallate yields outstanding performance improvements. For instance, a blend comprising 25 ml of mineral oil and 25 ml of soybean oil, supplemented with 1% propyl gallate, demonstrates 90% higher effectiveness compared to other blends and additives tested. Moreover, the research employs statistical regression analysis to establish relationships between different parameter variables, providing deeper insights into the performance and compatibility of these blended oils in transformer applications. This comprehensive investigation underscores the potential of vegetable seed oils as viable alternatives to mineral oil, contributing to the advancement of eco-friendly solutions in power systems.