The invention provides a plant oil-based offset lithographic printing ink formula and a preparation method thereof. The plant oil-based offset lithographic printing ink formula comprises, by weight, 30-35 parts of soybean oil, 19-29 parts of tung oil, 2-5 parts of soya alkyd resin, 30-35 parts of rosin-modified phenolic resin, 2-6 parts of a dry conditioning agent, 2-5 parts of a gelling agent, 18-28 parts of a pigment, 5-10 parts of a filler, 7-7.5 parts of other auxiliary agents and 2-5 parts of a drier. The preparation method comprises 1, binder preparation, 2, accessory material addition, 3, printing ink rolling and 4, re-rolling. The plant oil-based offset lithographic printing ink formula has the advantages of good rheological performances, fast curing performances, passing performances, good glossiness and good stability and is especially suitable for newspaper and periodical printing.