A lubricating oil composition containing a lubricating base oil and on the basis of the total mass of the composition, (A) a boron-containing ashless dispersant in an amount of 100 to 500 ppm by mass as boron, (B) a phosphorous additive in an amount of 300 to 800 ppm by mass as phosphorus, (C) an amide- and/or imide-based friction modifier in an amount of 1 to 4 percent by mass, and (D) an alkali metal- and/or alkaline earth metal-based detergent in an amount of 100 to 300 ppm by mass as metal, and having a 40° C. kinematic viscosity of 30 mm2/s or lower is provided. The lubricating oil composition, which has a low viscosity to improve fuel efficiency, also has superior anti-wear, anti-seizure, and anti-shattering properties, even when the composition is degraded by oxidation or by the elution of compounds from sealing materials after long term use.