A process for regenerating unreacted vinyl chloride monomers is provided which has the step of compressing by means of an compressor an unreacted vinyl chloride monomer recovered from a process of vinyl chloride polymer production; compressing the same in contact with a lubricating oil fed into the compressor. In this process, the lubricating oil contains a polymerization inhibitor. Hence, even when this lubricating oil is circulated and reused as a lubricating oil after its separation from the unreacted vinyl chloride monomer, any vinyl chloride monomer remaining in the lubricating oil can effectively be kept from polymerizing in lubricating-oil circulation lines.