The best replacement for peppermint oil is extract.

The best alternatives to peppermint oil are rated as following:
★★★★★  extract
★★★  peppermint extract
★★  tea tree oil
★★  peppermint tea
★★  mice
★★  peppermint spirits
★  rosemary oil
★  oil of peppermint
★  spearmint oil
★  peppermint essential oil
★  essential oil
★  menthol
★  lavender oil
  mint extract
  peppermint spirit

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Speaking about peppermint oil, one probably shouldn't forget about mice.

Other search terms related to peppermint oil and their ratings are:
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peppermint oil
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peppermint extract