This study has been conducted to select the suitable refrigeration oil for a $CO_2$ refrigeration system. Non-hygroscopic property of refrigeration oils is one of the most important properties for refrigeration oils. PAG and POE oils are considered as test oils in this study. Transient variation of water content of PAG and POE oils was measured for 3 different vessels in the environmental conditions, such as in the range of temperature $25^{circ}C$ to $40^{circ}C$ and relative humidity 40% to 85%. The results obtained that water content of both POE and PAG is increased with an increase in the contact area with ambient for 3 different vessels. It is also found that water content of both POE and PAG is increased as the ambient temperature and relative humidity is increased. Non-hygroscopic property of POE oil is found to be much superior than that of PAG oil.