The invention discloses tea oil-mushroom oil chili pepper and a preparation method thereof, wherein the tea oil-mushroom oil chili pepper comprises the following raw materials in parts by weight: 12-14 parts of rapeseed oil, 9-11 parts of tea seed oil, 5-6 parts of fermented soya beans, 3-5 parts of chili pepper, 2-3 parts of shiitake mushroom, 3-5 parts of crushed peanut kernels, 2-4 parts of sweet flour paste, 2-4 parts of raw ginger, 0.7-0.9 part of garlic, 0.2-0.4 part of Sichuan pepper, 0.08-0.12 part of star anise, 0.5-1.5 parts of monosodium glutamate, 1.3-1.6 parts of chicken essence,0.2-0.4 part of edible salt, 0.7-0.9 part of white sugar, 0.4-0.6 part of sesame seeds, and 0.6-0.8 part of soy sauce. The oil chili pepper prepared through material selection, low temperature soaking, steaming, Ciba chili pepper preparation, stir-frying, filling and other steps retains the nutrient substances of the raw materials and glossy appearance, full flavor and soft and chewy mouthfeel offlavor products.