The present invention is directed towards a novel herbal oil useful in relieving muscular and joint pain and method for preparing the same. The herbal oil of the present invention comprises 1 ml-338 ml ginger oil, 3 ml-793 ml sesame oil, and 1.ml-297 ml oil of wintergreen. Optionally, it may include pharmaceutically acceptable excipients. The excipients include stabilizers, antioxidants, preservatives, emulsifiers, flavouring agents, colouring agents, solvents, co-solvents etc.