Disclosed is a lubricating oil for compression-type refrigerator comprising, as a main component, a polyoxyalkyleneglycol derivative represented by the general formula:R1[(OR2)mOR3]nwherein symbols are as defined in the specification. Said lubricating oil has a favorable compatibility with refrigerants and an excellent lubricating property, and is utilized as the lubricating oil for compression-type refrigerator employing hydrogen-containing fluorocarbon compound refrigerants including R-134a or fluorocarbon compound refrigerants without hydrogen.