A method of controlling an air-fuel ratio of a mixture supplied to an internal combustion engine having an exhaust system, and an exhaust gas ingredient concentration sensor arranged in said exhaust system, said sensor having an output characteristic approximately proportional to concentration of a specific ingredient in exhaust gases emitted from said engine, said air-fuel ratio being feedback-controlled to a desired air-fuel ratio by calculating an amount of fuel supplied to said engine by the use of a desired air-fuel ratio coefficient indicative of said desired air-fuel ratio and set in dependence on operating conditions of said engine, and an air-fuel ratio correction coefficient set in dependence on a value of an output from said sensor and said desired air-fuel ratio coefficient, the method comprising the steps of:
- (1) calculating a plurality of average values of said air-fuel ratio correction coefficient, respectively, when said desired air-fuel ratio falls within a plurality of predetermined ranges;
- (2) comparing between said average values thus calculated:
- (3) determining a degree of deterioration of said sensor from results of said comparison;
- and
- (4) correcting the value of said output from said sensor in response to the degree of deterioration thus determined.