An experiment was conducted to study the effect of varying levels of peanut oil supplementation for broiler diet, to assess feed intake, growth rate and feed conversion of broilers. The study also evaluated some of the qualitative and quantitative characteristics of meat produced from the broiler chicks. Oil was supplemented at 0.0, 1, 3 and 5% levels of the diet and formulated to meet nutrient requirements for broiler birds throughout the experimental period (47 days). Each diet was fed to 4 replicates of 8 birds each (128 birds). Addition of oil at 5% level had good effect on broiler performance, especially weight gain and feed conversion which was markedly improved. Abdominal fat accumulation was significantly increased with the diet containing 5% oil. The carcass composition (DM, ash, crude protein) were not increased among the treatments except ether extract which increased with increased level of oil supplementation.