An alkaline treatment method for refining used oils, wherein (a) the used oils are distilled; (b) the resulting distillate is treated with an alkaline agent in the presence of a solvent selected from water, a monoalcohol, a polyalcohol and a mixture of said a alcohols, said alkaline agent being present in a percentage by weight, based on the weight of the distillate, equal to the product F.times.(IA+IS), where F is a multiplier between 2 and 50 and IA and IS are the acid value and the saponification value respectively of said distillate, at a temperatue of around 80-330.degree. C. for 2-200 minutes; (c) the reaction medium is washed with water then decanted to recover the oily phase; and (d) said oily phase is distilled. The method is useful for producing refined oils having excellent properties in that they are odorless and nearly colorless and in that they have a very low chlorine, phosphorus and sillicon content.