The mobility of liquid drops on lubricant-infused slippery surfaces depends strongly on various system parameters, for example, surface energy and roughness of the underlying solid surface and surface tension and viscosity of the test and the lubricating fluids. Here, we investigate lubricant-coated slippery surfaces fabricated on smooth hydrophobic solid surfaces and examine the influence of thickness and viscosity of the lubricating oil on the velocity of aqueous drops. We also investigate the effect of surface tension of the test liquid using a binary mixture of water and ethanol, on the apparent contact angle, which further affects their slip velocity. A theoretical model, based on various dissipative forces acting in different regions of the lubricating oil and a test drop, is also presented, which elucidates the dependence of drop velocity on lubricating oil viscosity and base radius of drops of test liquids.