The lubricant additive formulation for introduction into a petroleum based carrier, such as, motor oil, in which the additive contains substantially equal amounts of naphthenic oil and chlorinated paraffin with minor amounts of a paraffin oil and anti-wear and anti-oxidant agents; and in certain applications, metal powders or soaps are introduced into the additive together with an effective amount of grease necessary to maintain the metal particles in suspension when introduced into the liquid carrier.