The present disclosure discloses a water-hydrocarbon fuel emulsion comprising: a) 87-99% by weight of at least one hydrocarbon fuel with respect to the emulsion; b) 0.1-10% by weight of water with respect to the emulsion; c) 1-3% by weight of an emulsifying blend with respect to the emulsion; and d) 0.05-1% by weight of at least one inorganic hydride with respect to the emulsion, wherein the emulsifying blend comprises i) at least one oil-soluble nonionic surfactant; ii) at least one water-soluble nonionic surfactant; and iii) at least one ionic surfactant. The present disclosure also reveals a convenient preparation process of the water-hydrocarbon fuel emulsion.