The invention discloses a diesel internal combustion engine oil-water mixing combustion device and a process method thereof. The diesel internal combustion engine oil-water mixing combustion device is characterized in that a connecting rod and an air cylinder inner cavity are used as a lower chamber and an upper chamber; a piston is arranged in the air cylinder inner cavity; an air cylinder cover is arranged on the top face of the upper chamber and provided with an exhaust valve and an air inlet valve; the air cylinder cover is provided with an oil injection nozzle and a water spray nozzle; an air inlet pipe and an exhaust pipe are arranged on the two sides of the air cylinder cover; the air cylinder cover is arranged at the top of an air cylinder; the oil injection nozzle is connected with the upper chamber; the oil injection nozzle is connected with a high-pressure oil pump; the high-pressure oil pump is connected with an oil tank; the water spray nozzle is connected with the upper chamber; the water spray nozzle is connected with a high-pressure water pump; and the high-pressure water pump is connected with a water storage tank. The diesel internal combustion engine oil-water mixing combustion device has the advantages that cheap water is added in the diesel or gasoline combustion process, water and oil are mixed for combustion, energy conservation and emission reduction are achieved, the cost is reduced, atmospheric pollution is reduced, meanwhile, water vapor can absorb noise, the device is ingenious in design, simple, easy to manufacture, convenient to use, safe, reliable and obvious in energy saving effect, and energy is saved by 40% or above.