The present invention provides a lubricating oil composition including a viscosity index improver (A) containing a comb-shaped polymer and having an SSI (shear stability index) of 30 or less together with a base oil, wherein an HTHS viscosity (high temperature high shear viscosity) at 150° C. (T150) is 1.6 to 2.9 mPa·s, and a ratio of a kinematic viscosity at 40° C. (V40) [mm2/s] to the HTHS viscosity at 150° C. (T150) [mPa·s] (V40/T150) is 12.4 or less. The lubricating oil composition of the present invention is excellent in fuel consumption reducing properties in a low-temperature region assuming the time of starting an engine while making various properties, such as a viscosity, etc., in a high-temperature region assuming the time of high-speed operation of an engine favorable.