Baguio Oil is around since 1932, however, it is not a product from Baguio City. It is brand of cooking oil made in Binondo, Manila, you can read their about page here.
Baguio Oil uses Corn Oil, Palm Oil, Coconut Oil, and Canola Oil as their base product.
Also, if you are interested with their cooking recipe, download it here.
Summary

Article Name
The Truth About Baguio Oil
Author
baguioboy
Description
Baguio Oil is around since 1932, however, it is not a product from Baguio City. It is brand of cooking oil
