A lubricating oil additive and a lubricating oil composition wherein no precipitation is generated to exhibit a good storage stability even if a combination of a salicylate detergent and another metal detergent is used is provided by rendering the additive and composition an additive and a composition obtained by incorporating, into a lubricant base oil, (A) an alkali metal or alkaline earth metal salicylate having at its 3 and 5-positions hydrocarbon groups having 1 to 40 carbon atoms and a (per)basic salt, and (B) a metal detergent other than any salicylate detergent.