The invention discloses novel composite fuel oil. The fuel oil is prepared from the following components in parts by weight: 30-50 parts of crude benzene, 5-10 parts of gasoline, 40-60 parts of cracking kerosene, 10-20 parts of sulfonated oil, 0.03-0.06 part of ferrocene, 1-3 parts of isopropyl nitrate, 0.3-0.8 part of sodium dialkyl sulfo-succinate, 0.1-0.3 part of ethylene glycol monomethyl ether, 0.1-0.3 part of disodium hydrogen phosphate, 0.1-0.3 part of sodium hydroxide, 0.01-0.03 part of succinimide, 2-4 parts of a cetane number improver, 5-10 parts of a reducing stabilizer, 10-20 parts of a viscosity modifier and 0.1-0.3 part of a composite additive. Compared with the prior art, the novel composite fuel oil has the advantages of wide and easily available raw materials, relatively low cost, simple preparation, no refining requirement, safety and convenience in use, low fuel consumption, high combustion value and sufficient combustion without carbon deposition, and is in accordance with environment-friendly requirements.