A fuel injection pump wherein the fuel distributing piston moves angularly and axially in synchronism with rotational speed of the engine and cooperates with an adjusting member which determines the beginning or termination of fuel injection into the cylinders. The adjusting member forms part of a transducer which is installed directly in the housing of the fuel injection pump and further includes an electromagnet having a rotary armature which is operatively connected with the adjusting member to position the latter in dependency on the intensity of signals which energize the electromagnet and are furnished by an electronic control circuit. The intensity of such signals, and hence the position of the armature, is a function of rotational speed of the engine, position of the gas pedal, and other factors.