Set out a clean, dry glass bowl or jar and add the chilli. In a small saucepan, heat the oil over medium heat for a few minutes, just until it begins to smoke. Remove from the heat and allow to cool for a minute or two. Pour the oil slowly and carefully over the chilli, making sure that the oil completely covers the chilli. If necessary, use a spoon to stir so that all the chilli is submerged. Set aside to cool for at least an hour or two. Once cooled, taste the oil. If it’s to your liking, strain the oil to remove the chilli. If you’d like more heat and flavour, cover the oil and allow it to infuse overnight or for as long as desired before straining. Once strained, store the oil in a clean, airtight glass container. You can add the whole dried chilli peppers back to the oil to gradually intensify its colour and flavour.