This paper describes the effect of embedding MgO and Al2O3 nanoparticles on the diameter of electrospun composite polyacrylonitrile (PAN) nanofibers. Diameter of nanofibers determines the important properties of the nanofibrous mats used in a variety of developed applications such as tissue engineering scaffolds, drug delivery, catalysis, ultra filtration, sensors, and nanoelectronics. The results showed that the type and amount of nanoparticles dispersed in PAN solutions affect the conductivity as well as the viscosity of the electrospinning solutions. Increasing the amount of MgO and Al2O3 leads to higher conductivity and higher viscosity of the electrospinning solution and ultimately to a smaller nanofiber diameter. Moreover, the results showed that higher conductivity of the electrospinning solution overcomes the effect of higher viscosity. Finally, no interaction was detected between metal oxide nanoparticles and PAN macromolecules.