Abstract: A low cost new internal combustion engine with increased mechanical efficiency, fuel saver and pollution control and in particular a new internal combustion engine having improved lubricating mechanism for getting extra time to bum the fuel without knock and combustion noise for achieving increased fuel economy wherein the lubricating system consists of at least one first cross head oil groove formed at the interface cylindrical bearing surfaces of the moving contacting parts on the inner and outer surface of internal combustion engine components. At least one axial oil groove intersecting with first or second oil groove on outer surface of piston skirt, at least one deep “v” furrow and one slot on the outer surface of rocker arm and the spark ignition or fuel injection device having spring governed centrifugal advance fly weights for self regulation in proportion with engine speed from idle to maximum engine speed.