A process for the selective oxidation of olefins to epoxides comprising the step of contacting the olefin (propylene) with an oxidant (hydrogen peroxide) in the presence of a Lewis acid oxidation catalyst (MTO), organic base (pyridine or its N-oxide), in a solvent system comprising an organic water-miscible solvent (methanol); and adding a pressurizing gas (nitrogen) to increase the pressure, whereby olefin is further dissolved in organic solvent system to increase the selectivity and yield of the desired epoxide (propylene oxide).