Provided is a lubricating oil composition containing a refined paraffinic mineral oil (A) and an alkylbenzene (B) having a flash point of 160° C. or higher, and having a flash point of 250° C. or higher. The lubricating oil composition has a high flash point of 250° C. or higher and has an excellent long lifetime to such an extent that the lubricating oil composition can maintain excellent oxidation stability even in long-term use in high-temperature environments.