Description:It is a little more expensive, but requires you to use a smaller amount. it ok to use simple coconut oil as a lubricant in vagina and anus be4 intercourse. does it cause any bacterial infection. Best Answer: Coconut oil has many benefits when it comes to the skin moisturizing, protection from sun, etc. A doctor may know the definitive answer to this, but there are many great lubricants on the market that you may enjoy more. For intercourse without condoms( of course I am for safe sex, but you may be with a long term trusted partner): Silicone lubricant is best.